Jody Craddock has penned a new one-year contract with Wolves.
The centre-back, 35, was offered a new deal after helping Wolves to survive in the Premier League for a third successive season.
Craddock has now finally put pen to paper and knows he will face competition for his spot.
He said: "It's good news that the contract is all done and dusted and I can concentrate on the year ahead.
"This time last year I was thinking it would be my last season so to get another 12 months is a big achievement."
Craddock added: "There may be competition but it's never a problem for me when a new centre-half comes in.
"It's all about what benefits the club. If I have to scrap it out with another centre-half, so be it.
"I just need to give myself the best opportunity to be involved at the start of the season."
It's kicking off again! Click here for your No1 source for Wolves transfer market news and gossip.