The Bosnian front-man's 26 league goals in 2008/09 - alongside strike-partner Grafite's 28 - helped fire the Wolves to their first ever German league crown under Felix Magath.
His devastating form in front of goal had alerted a string of Premier League clubs, including Tottenham Hotspur, Chelsea, Liverpool, Manchester City, Manchester United and Arsenal, before AC Milan were reported to have signed a pre-agreement with the striker, giving the Italians first option on the in-form front-man.
However, the player himself recently pledged his future to the German outfit, despite initially revealing his disappointment at not being allowed to join the Rossoneri.
And, according to Wolfsburger Allgemeine Zeitung, the 23-year-old has now signed a contract to remain with the German champions, which will see the striker earn a significant pay increase.
The deal is also believed to include a buy-out clause of €20 million, should any of the forward's current interested parties wish to renew their interest in him in January or next summer.
And Wolfsburg defender Cristian Zaccardo has praised his club for managing to hold on to their prize asset, despite the interest of Milan.
"Dzeko is a very good player, Milan would have made a big hit, but Wolfsburg is not selling him," he told Antenna 3.
"We must compliment the club for managing to hold him. His will was that of going to Milan, but they convinced him to remain.
"He's a good lad and will not cause problems. I think that there are no more possibilities for the Rossoneri."
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