John has joined La Liga side Deportivo de La Coruña on a sub-loan agreement until the end of the season, with approval of his parent club, Benfica.
The winger, who has made 3 appearances from the bench for Wolves since arriving in the summer, joins the La Liga side for an opporunity to gain more minutes.
Hunte arrived at Wolves in 2014, after spending a number of years with Chelsea, and played predominantly in the Academy sides before eventually making his first team debut in March, 2016.
The attacking midfielder spent the first half of the 2016/17 on season on loan with League 2 side Stevenage before returning to Wolves last week.
Upon returning, the club and Hunte reached a mutual agreement to cancel his contract. Wolves would like to thank Connor for his efforts at Molineux and wish him the best of luck for the future.