The 20-year-old forward struggled for form and goals during his time in West Yorkshire, scoring just once in 14 appearances for the Bantams in City’s Emirates FA Cup triumph over Tonbridge Angels.
He had joined on a season-long loan back in October.
Samuels exit follows on from the departure earlier in the week of defender Ben Richards-Everton, whose contract was cancelled by mutual consent
Samuels' return to Molineux will free up a loan option for the Bantams.
The club have been busy this month in bringing in three players in Plymouth Argyle defender Niall Canavan, Bradford Park Avenue goalkeeper Will Huffer and Leeds United winger Jordan Stevens as they seek to re-align their squad after a difficult first half of the 2020-21 campaign.
Bradford's squad overhaul is expected to continue this month ahead of the winter transfer deadline in early February.