The talented 21-year-old quickly emerged as one of Pools` boss Craig Hignett’s main summer targets after he produced a series of dazzling displays whilst on loan at the club in the second half of last term.

Molyneux scored twice in 16 appearances, including an unforgettable stoppage time winner against Dover Athletic in March on an afternoon when Pools came from two down to triumph 3-2.

As well as offering a goal threat, the versatile attacker’s direct and determined style created plenty of opportunities for his teammates and he finished the campaign with three assists to his name.

When he confirmed his departure from boyhood club Sunderland last week, many had tipped him for a move in to the EFL but Pools have beaten off significant competition to secure his signature.

Having already landed highly rated England C keeper Ben Killip and completed the permanent signings of former loan men Nicke Kabamba and Michael Raynes, Molyneux’s arrival is another massive boost for Pools ahead of a return to pre-season training next week.