Young Wolves midfielder David Davis has joined Shrewsbury on a month's loan, with an option to extend the deal."We're pleased to get him," said Town boss Graham Turner. "He's well thought of at Wolves and we may look to extend the deal for another couple of months."
Davis, 19, has yet to feature for the Wolves first team, but has played 12 loan games at Walsall and Darlington.
Shrewsbury are also looking to increase Jermaine Grandison's loan from Coventry City, despite his hamstring injury.
Grandison, who joined on 14 January, limped off after only 11 minutes of his third game, at Oxford last Tuesday night.
But, although missing for Friday night's defeat at Bury, Grandison is expected to be fit enough to extend that loan agreement into a second month.
Davis might not be Shrewsbury's only deadline day signing.
Turner is understood to be chasing a number of targets, to revive his side's promotion hopes from League Two.
Town - pre-season favourites to go up in the automatic places - have slipped to eighth in League Two, having won only once in nine outings.
But Turner's men are still just one point shy of a play-off place.
Source: BBC Sport