The 20-year-old, who has played 25 times for Wolves over the past two seasons, heads to his home nation in a bid to continue his development and gain more opportunities at a big European club.
PSV are fresh from finishing second in the Dutch top division, trailing title winners Ajax by just two points and earning the opportunity to qualify for next season’s Champions League.
Hoever, who has a further three years remaining on his Wolves contract, last featured for Bruno Lage’s side back in March against Crystal Palace.
The former-Liverpool man will now return to the Netherlands, having spent periods of his youth career at fellow Dutch clubs AZ and Ajax.
Strategic player marketing manager Matt Jackson said: “You can’t have young players not playing regular football for too long and he’s too much of a talent not to be playing every week. He’s gone to a magnificent football club, who play in Europe, so we’re delighted with how that’s going to progress him and hopefully he’ll help PSV be competitive, chasing Ajax down at the top.
“Playing in the Champions League would be brilliant for him. We had Nigel Lonwijk out there, so I saw a lot of the league last year and really liked the culture. It’s a great place to live and is Ki-Jana’s home country.
“There’s big club pressure which we like to challenge the lads with and he’ll experience that. He could have played in England, we had offers, but with the stature of club and competitions they’re in, it can provide fantastic experiences.
“As professional footballers, you want to play every week. It’s the game you love and it’s hard to be a squad player – not playing regular football is frustrating. We want players to have the opportunity to progress and show they’re good enough to play every week in the Premier League, and Ki-Jana has that ability.”
