The 21-year-old Londoner has scored 19 goals in 30 games since starting what was intended to be a season-long loan with League One side MK Dons.
Meanwhile, striker Kevin Doyle, 31, has returned to Molineux from his half-season loan at Crystal Palace, and forward Bjorn Sigurdarson, 23, has joined Danish side FC Copenhagen on loan until the end of the season.