Jimenez is first and foremost a top-quality striker who will improve Wolves' first-team and ultimately their chances of establishing themselves in the Premier League at the first attempt.
Wolves returns to the Premier League after a six-year absence by virtue of winning the Championship title.
The Mexico global forward is now away with his country ahead of the World Cup in Russian Federation.
The forward joined Atletico Madrid from Club America in 2014 but, as at Benfica, struggled for regular starts in his sole season in Spain.
At the 2012 Olympics in London, Jimenez came on as a late substitute in Mexico's 2-1 win over Brazil in the gold-medal match at Wembley.
Jimenez moving to Molineux will see millions of Mexicans now tune in to watch his progress at the club, while for this upcoming season Wolves in general will see their popularity over that way soar.