Wolves striker Chris Cornes has been told he could still have a future at the club despite testing positive for cocaine.
The 19-year-old denied having knowingly taken the Class A drug but was suspended for six months by the Football Association and has now been fined by Wanderers and warned any future breach of discipline will result in the sack.
Chief executive Jez Moxey said: 'Chris Cornes was the subject of some debate at the board meeting.
'The club's stance on any drug-related issue is clear - we condemn any use of banned substances.
'Having spoken to Chris, it's been decided his contract will not be terminated. However we've made it clear to him he could be dismissed if he's unable to demonstrate to the club and its supporters he is a model professional.
'He's grateful for the club supporting him and regrets the embarrassment caused to the club.'
Cornes, whose backdated ban will end in October, has yet to play for the first team after coming through the youth-team ranks at Molineux.