Wolves manager Mick McCarthy has allowed Austria international Stefan Maierhofer to join Duisburg on a season-long loan arrangement.
The 27-year-old only moved to Molineux last summer in a £1.8million transfer but failed to impress, starting only two matches for McCarthy's team.
He scored on his debut as a late substitute in a 3-1 defeat to Blackburn Rovers last September, but was loaned out to Bristol City for the last two months of the campaign. However, the striker failed to find the net in three appearances for the Robins.
He has now been given the chance to resurrect his career with the German second division club and could earn a permanent switch if he impresses.
Meanwhile, Wolves have denied that Sam Vokes is set to sign for Crystal Palace but Andy Keogh continues to be linked with a move away from the club.