All four players have been formally notified of the decision and are no longer under contract with the club.
Wolves have released four players from their academy as part of a squad revamp as part of a squad revamp.AdvertisementAdvertisementHesketh joined the club as a first-year scholar back in 2019 from Manchester City.
Kandola departs after more than 13 years at the club, while McLeod is another who has been there for nearly a decade.
Rees joined Wolves at the age of nine but was not able to impress sufficiently in recent years.