The 20-year-old winger put pen to paper on a new deal with Wolves which will keep him at the club until the summer of 2019.
Randall has impressed Scott Sellars so far this season and he has started all of Wolves three league games so far in Premier League 2.
After being part of Monday's 2-0 win over West Bromwich Albion at Molineux, the left winger will now join up with Forest Green Rovers on a season long loan.
Randall, who boasts previous senior league experience with Swindon Town and Walsall, joined Wolves in January, 2016.
We wish him well for his loan spell as he aims to pick up a sustained run of first team experience.