Evans, 21, has penned a loan deal with City which will keep him at the Coral Windows Stadium until 9 January 2016.
Evans' arrival comes shortly after the signing of fellow new loanee Reece Burke from West Ham United earlier this Thursday.
Subject to receiving the relevant clearances, Evans will now come into contention for City's Yorkshire derby at Barnsley this Saturday.
Born in Newport, Evans is a current Welsh international at Under 21 level. Evans has also been called up to the Wales senior side in the past but he has yet to feature for Chris Coleman's side so far.
Evans played 18 times in the Championship for Wolves last season. The midfielder also played a significant role in the Wolverhampton side the won the League 1 title back in 2013/2014 season.
The 6' 1'' midfielder began his career with home-town club Newport County before moving to Wolves aged only 18 for a fee believed to be in the region of £200,000.
During his time at Newport, Evans helped the Welsh side earn promotion back in the Football League at the end of the 2012/2013 season.