Scotland international striker Steven Fletcher has completed his switch from Burnley to Wolves.
The 23-year-old scored 12 goals in 38 appearances for the Clarets last season although his goals were not enough to keep the club in the Premier League.
He moved to Turf Moor from Hibernian last summer and enjoyed an impressive first season in England, prompting Mick McCarthy to spend a joint club-record fee on him.
Wolves struggled for goals last term, despite avoiding an immediate return to the Championship, with Kevin Doyle often used as a lone striker and McCarthy allowed Chris Iwelumo to leave the club last month, ironically to Burnley.
Fletcher has agreed a four-year contract at Molineux while Wolves also have an option to extend the deal for a fifth year.
"We are delighted to complete the signing of Steven Fletcher," chief executive officer Jez Moxey told Wolves' official website.
"He was one of Mick's main targets for the summer and - just like last season with Kevin Doyle - we were able to register our interest early and get the deal done.
"He is a Scottish international who has been heavily scouted by our management and scouting team and is an excellent player whom, despite his relatively young age, already boasts plenty of experience at the top level in both England and Scotland.
"He showed last season with Burnley, a team which were eventually relegated, that not only can he score goals in the Premier League but also achieve a consistent level of performance in his all-round game.
"We believe Steven's abilities and qualities will perfectly complement Kevin (Doyle), Sylvan Ebanks-Blake and the other strikers already at the club and create some fierce competition for places up front next season.
"Although we continue to stick to the policy of not disclosing specific transfer fees, I can confirm that this move makes Steven our (joint) record signing."