David Davis and Ashley Hemmings have agreed new loan deals.
The pair have been part of the Development Squad at Molineux, but will now be able to continue their development away from the club on a short term basis.
David Davis has already spent some of this season north of the border with Scottish side Inverness will now join League One side Chesterfield until April 15.
Ashley Hemmings will spend the rest of the season at League Two side Plymouth Argyle after impressing during his first month there.
The 20-year-old has made seven starts for his adopted club, scoring twice.
Vital Wolves Comment: Loan spells with lower league clubs are always more beneficial to both the player and the club.
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