Wolves head coach Kenny Jackett says joining the club on loan is a "big opportunity" for striker Danny Graham.
The 29-year-old has not played a league fixture for his parent-club Sunderland since the end of the 2012-13 campaign and has played just once this season.
"After a little bit of a lay-off, the opportunity to get his career back on track is a big one and Wolves can give him that," Jackett told BBC WM 95.6.
"We need a fresh injection of quality and Danny Graham brings that."
Graham is set to make his debut when ninth-placed Wolves host Nottingham Forest in the Championship on Saturday.
"I'm sure his enthusiasm on Saturday will help us," Jackett added.
Graham scored just once during a loan spell with Premier League Hull in the first half of last season, but netted six times in 17 league starts while on loan at Championship Middlesbrough in the latter part of the campaign.
"There are a lot of games coming up and I'm looking forward to doing well," Graham added.
"I know I can score goals so I just can't wait to get started."
The former Watford and Swansea striker's deal with Wolves is currently due to run until 31 December.