The 21-year-old, who featured 30 times for Wolves in League One last season, has fallen out of favour at Molineux of late.
Price will provide an additional midfield option for the Glovers on the back of their slow start to the season following relegation last time out.
Tommy Rowe and George Saville joined Kenny Jackett's side earlier this summer.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Liverpool | 29 | 21 | 7 | 1 | 69 | 27 | 42 | 70 |
| 2 | Arsenal | 28 | 15 | 10 | 3 | 52 | 24 | 28 | 55 |
| 3 | Nottingham ForestNott'm Forest | 28 | 15 | 6 | 7 | 45 | 33 | 12 | 51 |
| 4 | Chelsea | 28 | 14 | 7 | 7 | 53 | 36 | 17 | 49 |
| 5 | Manchester CityMan City | 28 | 14 | 5 | 9 | 53 | 38 | 15 | 47 |
| 6 | Newcastle UnitedNewcastle | 28 | 14 | 5 | 9 | 47 | 38 | 9 | 47 |
| 7 | Brighton & Hove AlbionBrighton | 28 | 12 | 10 | 6 | 46 | 40 | 6 | 46 |
| 8 | Aston Villa | 29 | 12 | 9 | 8 | 41 | 45 | -4 | 45 |
| 9 | Bournemouth | 28 | 12 | 8 | 8 | 47 | 34 | 13 | 44 |
| 10 | Fulham | 28 | 11 | 9 | 8 | 41 | 38 | 3 | 42 |
| 11 | Crystal Palace | 28 | 10 | 9 | 9 | 36 | 33 | 3 | 39 |
| 12 | Brentford | 28 | 11 | 5 | 12 | 48 | 44 | 4 | 38 |
| 13 | Tottenham HotspurSpurs | 28 | 10 | 4 | 14 | 55 | 41 | 14 | 34 |
| 14 | Manchester UnitedMan Utd | 28 | 9 | 7 | 12 | 34 | 40 | -6 | 34 |
| 15 | Everton | 28 | 7 | 12 | 9 | 31 | 35 | -4 | 33 |
| 16 | West Ham UnitedWest Ham | 28 | 9 | 6 | 13 | 32 | 48 | -16 | 33 |
| 17 | Wolverhampton WanderersWolves | 28 | 6 | 5 | 17 | 38 | 57 | -19 | 23 |
| 18 | Ipswich TownIpswich | 28 | 3 | 8 | 17 | 26 | 58 | -32 | 17 |
| 19 | Leicester CityLeicester | 28 | 4 | 5 | 19 | 25 | 62 | -37 | 17 |
| 20 | Southampton | 28 | 2 | 3 | 23 | 20 | 68 | -48 | 9 |
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