Lopetegui succeeds Bruno Lage, who was sacked on October 2 after winning just one of his final 15 games in charge.
He will begin work on November 14 when he officially takes charge at Molineux after Wolves’ final Premier League game before the World Cup against Arsenal.
Wolves chairman Jeff Shi said: “Julen is a top coach, with excellent experience at an elite level of the game, and we are very pleased to have agreed a deal to bring him to Wolves.
“Since the very beginning, Julen has been our number one choice to manage Wolves, and we look forward to welcoming him and his team when they join us in the coming weeks.”
We are delighted to announce Julen Lopetegui will take charge as our new head coach on Monday 14th November.
Lopetegui was sacked by Sevilla at the start of October, two years after guiding the La Liga club to a record sixth Europa League crown in 2020.
Wolves approached Lopetegui last month but the 56-year-old Spaniard rejected the move due to personal reasons, forcing the Midlands club to explore alternative targets.
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