The 22-year-old winger returned to action for Wolves at the end of last season after over a year on the sidelines with a cruciate knee ligament injury.
Initially he had burst into the team with a string of assists in the middle of the 2015/16 campaign following a successful loan spell with Oxford United.
So far this season he had come off the bench in the opening Sky Bet Championship fixture with Middlesbrough, before playing 90 minutes in both Carabao Cup victories against Yeovil and Southampton.
Having arrived at Wolves on a permanent basis in January, 2015, Graham has s far made a total of 17 appearances, scoring one goal.
Everyone at Wolves wishes Jordan all the best for his loan spell.