The 18-year old, who has been at the Club for ten years, puts pen to paper on a deal that will keep him at Wolves until the end of the 2021/22 season.
Gibbs-White made his first team debut at just 16 years of age in the 2-0 Emirates FA Cup win over Stoke City in January last year.
The midfielder has continued to knock on the door of the first team since, making seven appearances in 2016/17 and three following a return from injury in 2017/18.
In October last year, Gibbs-White and his England teammates were triumphant in the Under 17 World Cup in India. With the Young Lions coming from 2-0 down to defeat Spain 5-2 in the final and the Wolves youngster netting the equalising goal.
Speaking about his new deal, Gibbs-White said: “The club has done so much for me so it was only right for me to sign a new contract here and extend my Wolves career even longer. I’m happy that my future here is settled and I can now push forward.
“The last year has been ridiculous, it’s gone so quickly. I haven’t had the time to concentrate on anything other than football but I don’t mind that because I love the game.
“December and January have been busy months with the games that we’ve had so I’ve been concentrating on that and training more than anything else.
“I’m learning more and more things when I come into training every day and that’s helping my experience of the game to grow.”
Sporting Director, Kevin Thelwell, revealed his delight at the Academy product’s new contract.
“For a Sporting Director that’s been here for a long time, there can’t be a better situation than a boy coming in the building at eight years of age and then going all the way through the ranks of the Academy, ending up playing for England, winning the World Cup, making his debut and playing in the first team at 17-years-old,” he explained.
“I’m proud of Morgan, his family, the Academy and everybody involved in his development. We couldn’t have a prouder moment than for this to happen.
“In the short time that he’s been with the first team group, I think he’s proved that he’s more than capable of stepping up so
“I’d be very surprised if he didn’t make more appearances before the end of the season. He’s given himself a good shot of becoming a regular. He’s always had the potential, now he’s proving that he’s got the ability.”
Wolves’ Academy Manger, Gareth Prosser, also took the opportunity to discuss Gibbs-White’s contract, saying: “I’ve worked with Morgan for many years and I couldn’t be happier for him and his family.
“He’s worked extremely hard to get to this position and thoroughly deserves his new deal. It’s now up to him to continue to do all he can to become a regular in the first team.”