Trippier confirmed his call to leave Tyneside in the final weeks of the 2025/26 season after opting against a contract extension at St. James' Park.
The ex-England international made 160 appearances across all competitions for Newcastle following his 2022 switch from Atletico Madrid, but he will now move on as a free agent in June.
Despite enduring a string of injury issues in 2026, the 35-year-old has no plans to retire, and the experienced full-back had indicated his desire to remain in the Premier League for the 2026/27 campaign.
Frank Lampard was reportedly keen on a deal, as part of his plan to add top-flight experience to his newly-promoted Coventry City squad, but Trippier now looks set to drop down to the EFL Championship with relegated Wolves.
Rob Edwards is confident of driving Wolves to an instant promotion back to the Premier League, and Trippier will play a key part in that, as part of a two-year contract at Molineux.
The deal will also include an option for an additional 12 months, depending on Trippier's long-term fitness, and Edwards will target more veteran stars to balance against the emerging young talent at his disposal.
One of those hot prospects, Mateus Mane, is not expected to move on this summer with the 18-year-old enjoying an eye-catching breakthrough campaign despite Wolves' struggles at the bottom of the table.