Wolf is an undrafted free agent out of the University of Akron. In a corresponding move, Arizona released wide receiver Rashad Ross.
The 6-foot-3, 210-pound Wolf appeared in 10 games with the Zips last season, notching 33 receptions for 476 yards and five touchdowns.
Wolf also had five touchdown catches as a junior when he set career highs with 36 receptions for 550 yards, averaging 15.3 yards per catch.
Ross last played in the NFL with the Washington Redskins, appearing in five games and having only one catch for eight yards. He had eight receptions and a touchdown in 2015 while also averaging 24.4 yards on kick returns, including one for a score.