Dan McNamara’s Wolves side have enjoyed an extremely successful few years, including the Northern Premier League title last season – though they lost out on promotion via a play-off.
Wolves Women previously played at AFC Wulfrunians’ CKW Stadium.
The partnership will also see Wolves under-23s play some of their fixtures at Telford’s home.
The news brings to an end West Bromwich Albion’s one-year stay at the New Bucks Head. That deal was understood to initially be two years and has been ended as Telford and Wolves re-establish their agreement.
Wolves’ under-23s previously played home fixtures at the National League North club until two years ago, but the pitch has since been fully renovated.