WOLVES have announced a new two-season deal with sponsors Sportingbet.com.

With one year remaining on the current agreement, the online bookie have agreed to extend their association with the club until the end of the 2012/13 season.

Details of the deal have not been made public but the club did confirm it was a seven-figure contract.

Wolves chief executive Jez Moxey said: "This is a major off-the-pitch achievement for Wolves.

"The fact that Sportingbet.com — a global, very successful brand — has decided to extend their deal with a full season still to run on their contract, is a huge endorsement of our football club.

"It bucks the trend in football, where many clubs are either struggling to retain their sponsor or to secure one at all."