Little was known of the winger when Wolves completed a double deal for him and Bruno Jordao in 2019 having accumulated minimal game time for Braga and Lazio.
However, in just over four years at Molineux, Neto has developed into one of the club's key players, contributing 12 goals and 19 assists from his 120 appearances in all competitions.
Neto has suffered two serious injuries during his time at Wolves, halting his progression and leading to a 2022-23 campaign where he posted one just one assist in 969 minutes of football in the Premier League.
Under Gary O'Neil, though, Neto has produced the best form of his career, already having one strike and six assists from his nine starts in this season's top flight.
Such has been the 23-year-old's impact that speculation has emerged regarding a potential switch to a top European club during the January window.
Arsenal and Liverpool have each been linked with an approach for the Portugal international as they contemplate ways to strengthen their respective squads.
Nevertheless, speaking in an interview with The Telegraph, has stressed that he will not push to leave Wolves at the midway point of the season.
Neto said: "I want to say that I am here and I will help everyone. I love the club and everybody here, I have always felt that it has given a lot to me.
"I'm enjoying the moment here so I will continue to do that. The future and long-term ambitions don't matter.
"We will never go down in any situation, we are here to win and fight. I feel really good at the moment and hope to continue."
The playmaker's last contract renewal came in March 2022, when he extended his terms through to 2027, but it is plausible that Wolves' owners may view Neto as an available asset in the future.
Chief executive Jeff Shi revealed in the summer that Wolves had work to do in order to fulfil FFP criteria, the late sale of Matheus Nunes significantly boosting that effort.
That said, rumours persist that Wolves may have further work to do in order to comply with the regulations when business reopens at the start of 2024.