Hungarian international Denes Rosa has departed Molineux.
The 31-year-old midfielder's deal was due to run out in the summer but he is now a free agent after having his Wolves contract cancelled by mutual consent.
Denes arrived at Molineux from Ferencvaros three years ago, following the same path as former Wolves defender Gabor Gyepes, and initially made a bright impact in scoring two goals in ten appearances during the second half of the 2005/06 season.
Since then however he has been unable to force his way into the first team picture, not helped by untimely injuries, with his only senior appearances coming in the Carling Cup ties with
He also played four times for
"Having initially been signed by Glenn Hoddle, Denes has found himself out of the first team picture over the last couple of seasons and things haven't really worked out for him," said Wolves' CEO Jez Moxey.
"But he has always maintained a professional attitude, and we wish him well for the future."