The youngster, who has grown into a key player since arriving at Molineux in 2019, has started every Premier League match this season and has now agreed terms until 2025.
The 20-year-old joined Wolves alongside Bruno Jordao in August 2019 and quickly embraced the challenge of his first campaign, which saw Neto named Young Professional of the Season.
✍️ #Neto2025 pic.twitter.com/n56qCkc9le
— Wolves (@Wolves) November 3, 2020
Following a debut goal in the Europa League against FC Pyunik, Neto forced his way into Nuno’s plans and finished 2019/20 with 44 appearances.
Big goals in Premier League wins at Southampton and West Ham United were punctuated by a vitally important equaliser in Wolves’ Europa League last 16 clash at Olympiacos.
Read more: Neto | 'I love being here'
This term, Neto’s shown his versatility as an attacking midfielder, as well as a winger, with a first Premier League goal at Molineux – the winner against Fulham – his reward for a bright start to the campaign.
Now the Portugal under-21 international has become the fourth Wolves player to agree new terms since the start of the 2020/21 season.
Test your knowledge: Quiz | Pedro Neto