Aliadiere has found first-team opportunities limited under Alan Pardew after initially joining the Hammers on loan until the end of the season. He made one start and seven substitute appearances for the club.
Wolves chief executive Jez Moxey told his club's official website, “Aliadiere has not been getting the football he needs at West Ham and we are delighted to be able to offer him an opportunity here at Wolves.
”He is a talented young player and it gives manager Glenn Hoddle another option up front as we push for a place in the play-offs.”