A Barcelona statement read: "FC Barcelona and Wolverhampton Wanderers have reached an agreement for the loan of the player Adama Traore until 30 June 2022. The blaugranes will pay the player's wages and there is an option to make the deal permanent.
"The presentation of Adama Traore as a new FC Barcelona player will be on Wednesday 2 February behind closed doors. The club will announce further details shortly."
"Adama has always acted with the utmost professionalism, however it is no secret that we have not been able to agree a new contract with him, despite protracted negotiations, and his desire at the moment is to play football elsewhere.
"Everyone knows Barcelona is a city, and club, very close to Adama's heart, so it is a dream move for him. We have also agreed a very healthy option in the deal should Barcelona wish to make the move permanent this summer.
"We wish Adama the best of luck in Spain, and hope that he plays regularly, has great success and shows everyone what he is capable of."