Millwall have signed midfielder Jed Wallace from Wolverhampton Wanderers for an undisclosed fee, the club has announced.

Wallace, 23, joined Wolves from Portsmouth in May 2015 but had spent two separate loan spells with the Lions before signing permanently.

“[The move] is something that has been in pipeline since January when I arrived back on loan,” he said.

“I felt settled as soon as I came back, the surroundings were familiar for me. I know all the lads and get on well with the manager, so I am delighted to be here for the next three seasons.

“Hopefully we can have many more good times.”

Wallace has made 35 appearances at The Den and scored four goals, and helped the club achieve promotion to the Sky Bet Championship via the playoffs last season.