Wolves last week tied up one of their brightest young things Mark Davies on a long-term contract.
The England Under-17s captain, who only turned 17 last Friday, is already knocking on the Wolves first team door, and has been handed a deal that effectively ties him to Molineux until June
Under FA rules, players under 18 are not allowed to sign a contract longer than three years, but Davies's first professional contract will run to June 2007, with an option of a further two years.
Wolverhampton-born midfielder Davies, striker Chris Cornes and defender Martin Riley, who all helped Wolves reach the FA Youth Cup quarterfinals on Monday night for the first time in 23 years, are already part of Glenn Hoddle's first team squad and all three look set to be blooded before the end of the season.
And the Wolves manager is hoping that Davies's breakthrough into the professional ranks will encourage the other members of this latest batch of promising Academy players to follow his lead.
"Mark deserves this reward," said Hoddle. "And there are a few other lads coming up behind who are also pushing for pro contracts, to whom this should act as a real incentive.
"Mark is a long way off being the finished article but he's got real talent.
"He needs to keep his feet on the ground and continue to work hard. If he does that I think he can have a big future."
It is another reward for Wolves Academy director Chris Evans, who has seen the latest young hopeful roll off a production line that has already churned out Robbie Keane, Lee Naylor, Joleon Lescott, Matt Murray and Keith Andrews.
"Mark is just setting off on his career as a pro," said Evans.
"But it is evidence that the academy system is working when a boy who first signed with us at nine years of age graduates to a professional contract.
"Mark has prompted interest in top Premier-ship clubs but he has never wavered in his commitment to Wolves. The lad wants to play at Molineux and the club have acted quickly to protect our interests.
"He is a local lad and we know that Wolves fans like to see home-grown players in the team."
n Wolves' FA Youth Cup quarter-final against Derby County will be at Pride Park on Friday March 18 (kick-off 7pm).