The Brazilian has scored 62 goals in 170 appearances for the Spanish side, including two in a Copa del Rey tie against third tier side Cordoba yesterday.
With Wolves finally acting to solve their striker problems, what can the Molineux faithful expect from their new man?
A consistent goalscorer
That should change with the arrival of Jose. The 29-year-old has scored a goal every three games throughout his Real Sociedad career, including a 20 goal season in 2017-18.
With Silva struggling to fill Jimenez's shoes and Patrick Cutrone set to be loaned back to Italy, Jose should get plenty of game time to improve Wolves' goal return.
An all round striker
While Wolves have obviously missed Jimenez's goals, the loss of the Mexican's hold up play has cost Wanderers dear in the last two months.
Fabio Silva impressed against West Brom on Saturday but had cut an anonymous figure in the games beforehand as he struggled to hold the ball up and bring his teammates into play, which perhaps reflects in Pedro Neto's poor recent goal return.
Jose looks like he will provide much more than goals. The Brazilian has linked up well with his teammates throughout his career in Spain, and also has the ability to beat a man despite not blessing blistering pace.
With Jose standing at 6'2", he also possesses the ability to hold the ball up if Wolves are defending deep or looking to bring wingers into play.
Could Jose lift a beleaguered squad?
Although Jose's goal return is superb and his all-round play looks good, the biggest lift to Wolves will be the fact that he is, simply, a new face in the changing room.
Nuno's side have won just one of nine league games in December and January, and look to be sliding towards the bottom three at an alarming rate.
The signing of Jose will give Wolves' concerned fanbase a boost, especially with the anger still bubbling from Saturday's Black Country derby defeat.
Now, Wolves will need Jose to perform to arrest their worrying recent slump.