Wolves have completed the signing of Michael Mancienne from Chelsea on a season-long loan in what will be his third spell at the club.

Mancienne played an important role in helping Wolves gain promotion from the Championship during the 2008-09 season, and then helped them stay in the Premier League last term.

He was initially deployed as a central defender before Mick McCarthy successfully converted him to a holding midfield role.

The 22-year-old will be available for Wolves’ home Barclays Premier League clash with Newcastle on Saturday.

Full Time Result betting has Wolves available at 2.40, while Newcastle can be backed at 3.10 and the draw 3.20.

Wolves boss Mick McCarthy had indicated he was interested primarily in re-signing Mancienne on loan as opposed to on a permanent basis, and the England Under-21 international completed the move this morning.

In his first spell at Wolves, Mancienne made 10 appearances as a five-year spell without top flight football was ended.

His form during that period earned him a first senior call-up by England for the friendly international against Germany in Berlin when he was an unused substitute.

Mancienne also impressed McCarthy sufficiently to return last season when he made 33 appearances.

He still has three years remaining on his current deal at Chelsea.

Wolves are 5.00 to be relegated from the Premier League 2010/11.

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Wolves manager Mick McCarthy has quelled rumours that he is currently looking to sign Michael Mancienne from Chelsea on a permanent basis – for the moment.

McCarthy has already brought in six new players to Molineux this summer and insists that he must look to off-load personnel before attempting to bring in any more new faces.

The versatile Mancienne, who is comfortable in defence or as a holding midfielder, has already spent two seasons on loan at Wolves. According to reports he has asked for a transfer away from Stamford Bridge and it would cost Wolves around £4million if they wished to secure his services permanently.

Despite often speaking highly of Mancienne, McCarthy expressed his view on the situation saying, “I guess people should ask their (Chelsea’s) manager Carlo Ancelotti whether we should read anything into the transfer request.

“If I was reading anything into it, I suggest he wants a transfer! But that’s the first I’ve heard about it.

“I’m not looking at signings at all at the moment.

“We need to lose some players rather than take any more in and certainly won’t do any more business unless anyone leaves.”

Mancienne, who has also been linked with Spanish clubs Malaga and Sevilla as well as Portuguese outfit Sporting Lisbon, initially joined up with Wolves during their 2008/09 campaign, helping them gain automatic promotion from the Championship.

Wolves are currently 3.25 to be relegated from the Premier League 2010/11 and are 1.33 not to be relegated.

Their opening Premier League fixture sees them play host to rivals Stoke. Wolves are on offer at 2.30, the draw is available at 3.25 whereas Stoke are 2.87 to take all three points.

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