Mexico international Jimenez spent three years with Benfica, scoring 22 times in 101 games after joining from Atletico Madrid in 2015.
The signing of the 27-year-old takes Wolverhampton spending to around £164m under owners Fosun and they have broken their transfer record five times.
Raul Jimenez All Competitions 2018/2019
?37 Games
⚽️15 Goals
?8 Assists pic.twitter.com/Atl7oCV6pu
— Match Day (@Spts24) April 4, 2019
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