Alloa have signed striker Greig Spence, who began his senior career at Recreation Park before moving to Celtic.
The 21-year-old spent time on loan at Hamilton Accies and was with Raith Rovers for the past two seasons, helping them win the Ramsdens Cup in April.
Wasps boss Barry Smith has already brought in goalkeeper John Gibson, defender Mark Docherty and forward David Weatherston this summer.