Wolves striker Fabio Silva has signed a contract extension at Molineux as he joins Anderlecht on loan, reliable journalist Steve Madeley has confirmed.

The Lowdown: Silva deals Anderlecht move

The 20-year-old has failed to set the world alight at Wolves to date, scoring just four goals in 62 appearances after arriving as a big-money signing back in 2020.

Because of that, Silva has been loaned out to Anderlecht for the 2022/23 season, as he looks to earn regular playing time and return to Wanderers a better player.

Another key update has also emerged regarding the striker, however, with Wolves showing they do still hold faith in his long-term potential.

The Latest: Madeley confirms new deal

Taking to Twitter on Monday, Madeley confirmed in three words that Silva had signed a new deal at the club while discussing the Anderlecht switch:

"New contract signed."

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The Verdict: Good experience for youngster

There is no doubt that Silva has been hugely disappointing to date, especially given his £35million price tag, but this loan move could do him the world of good.

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He simply wasn't earning the playing time at Wolves to get into any rhythm, with only six starts coming his way in the Premier League last season and others ahead of him in the pecking order.

The hope is that Silva thrives at Anderlecht, realises his potential and returns to Wanderers a far more confident and rounded player. At 20, he certainly still has time on his side.