Ntep is the fourth player to join the Wolves since Jan. 1, following the arrival of Yunus Malli, Riechedly Bazoer and Victor Osimhen and the departure for a reported $40 million of Julian Draxler to Paris St Germain.
"With Paul-Georges we have managed to greatly improve our quality on the wings," said coach Ismael Valerien. "He is lightning quick, very skilled and has a lot of experience despite his young age.
The Cameroon-born 24-year-old scored 18 goals in 74 Ligue 1 matches for Stade Rennes after joining midway through the 2013/14 season. He has also won two caps for France.
Wolfsburg are in 13th place, three points off the relegation playoff spot with the league resuming later in the month.
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(Reporting by Karolos Grohmann; Editing by Amlan Chakraborty)
