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The £3 million project, which started in December 2015, was originally expected to take a year.
It has been funded by Black Country Local Enterprise Partnership (LEP) money.
All traffic restrictions have now been removed, following improvements to the Black Country Route (BCR)/Coseley Road roundabout and at the Broad Lanes/Ladymoor Road/Highfields Road junction.
The BCR/Coseley Road roundabout is one of the busiest in Wolverhampton and the works have delivered new and wider lanes to reduce traffic congestion.
A new mini-roundabout has been built at the Broad Lanes/Ladymoor Road/Highfields Road junction to enhance the traffic flow and enable an increase in vehicle capacity, as well as better facilities for pedestrians and cyclists.
Construction of a further mini-roundabout at the new entrance to the Bilston Urban Village, off Highfields Road has also been completed.
The investment was made to keep pace with the economic regeneration of the area as a place to live, work, invest and visit.
Councillor Steve Evans, Cabinet Member for City Environment, said: "Huge praise must go to the team for bringing in this project ahead of schedule and ensuring any disruption was kept to a minimum.
"The multi-million pound Bilston Urban Village project is a hugely important part of Wolverhampton's regeneration plans.
"Naturally, as the area grows economically, the transport infrastructure needs to expand with it - making these latest highway improvements vital.
"The improvements will make a big difference to drivers, cyclists and pedestrians in and around Bilston."
The Bilston Urban Village site will provide developers with the opportunity to build up to 450 new houses in a quality environment, together with new employment areas and leisure facilities.
The first phase of Bilston Urban Village produced significant investment in the building of the Bert Williams Leisure Centre and South Wolverhampton and Bilston Academy - improving health and increasing opportunities. A commercial development plot fronting the Black Country Route and the direct pedestrian linkage of the site with the town centre was also created.
- released: Friday 18 November, 2016