The 16-year-old shot to prominence this season, becoming the youngest ever player to represent Wycombe in the Football League and the youngest scorer for the Buckinghamshire club in its history.
Wanderers manager Waddock said: "It's a fantastic move for him. He's a phenomenal talent which is why we gave him a chance to show what he can do at first-team level.
"Obviously we wanted to keep him, but we didn't want to stand in the way of an opportunity he deserves. I have no doubt in my mind that he will go on to become a big star and I will be keeping a close eye on his progress.
"I would like to wish him and his family all the best for the future."