The 35-year-old is keen to extend his stay at Molineux after regaining his place in the side at the back end of the campaign.
The former Sunderland man believes he still has plenty to offer and he is hopeful of remaining in Mick McCarthy's plans.
"I feel fit enough, strong enough and good enough to carry on and my movement is the best it's been for years," Craddock said.
"So hopefully I'll get a deal. I don't want to say too much in case I don't get one and I'm just enjoying this moment for what it is.
"But I want to carry on playing and I'm keeping my fingers crossed and my ear to the phone, and, hopefully, people will see me here next season.
"I feel better than I have done for two or three years, so I do feel confident. The hip is good - fantastic in fact. I have no problems whatsoever with it.
"I might not have the pace I had at 21, but I have the experience and I don't feel out of place; I feel comfortable, which is nice."
Meanwhile, Stefan Maierhofer is set to return to Wolves this summer after Duisburg decided against signing the giant striker.
The Austria international has just completed a season-long loan at Duisburg, but the German club are not willing to pay the £1.3m fee for Maierhofer's services.
Duisburg sporting director Bruno Hubner said: "The contract will not be extended further. MSV Duisburg cannot pay the release clause."
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