The 19-year-old will stay on loan at Tranmere Rovers until the end of the season.
“Jake has done really well for us in the time he has been here so I’m pleased to be able to keep him for the rest of the season,” Tranmere boss Ronnie Moore told his club’s official website.
“He took his two goals really well against Rochdale and Exeter and hopefully will get a few more in the remaining six games.
“I’m grateful to Wolves for allowing Jake to stay with us.”
