With the transfer window not open until January 1st, Wolves were given permission by the Premier League and Town to extend the loan until the end of 2003.
Speaking of the news, a delighted Andy Marshall told the club site: "I am really enjoying my time at Wolves and it's great to be involved in the first-team again. The lads made me feel welcome from the first day and the prospect of staying longer than the month was always going to be one an attractive one.
"After being out of the first-team scene at Ipswich this season, it's just great to be involved in games again and I'm looking to carry on doing my best for Wolves while I'm here."