The plan, which outlines what the city centre should be like by 2026 and what needs to happen to achieve this, is to be examined by an independent planning inspector.
Public consultation on the plan finished at the end of July and it will go to Cabinet on Wednesday 16 September for final approval.
The AAP, which has been produced by City of Wolverhampton Council in partnership with residents, businesses and a range of other organisations, will help to influence decisions on planning applications, jobs creation, the environment, shopping, transport and community facilities.
The AAP also covers areas outside of the city centre ring road, extending towards Molineux Stadium, the railway station, West Park, Chapel Ash and parts of Graiseley, Blakenhall and All Saints.
This plan is part of a wider commitment to regenerate the city, create job opportunities and attract investment.
Councillor Peter Bilson, Deputy Leader and Cabinet Member for City Assets, said:
"The AAP has been informed by extensive engagement with the community, with three formal consultations taking place since December 2013.
"Important planning issues and views raised during the consultations have been incorporated into the Plan.
"These include things like an emphasis on the provision of family housing in communities such as Blakenhall; the need to promote more high quality, specialist and independent shops in the city centre; and reflecting the aspirations and priorities of stakeholders, such as the University of Wolverhampton.
"Major developments are coming forward and we want to continue this momentum and build on recent success by putting in place a long term plan for the city centre.
"The plan provides us with an exciting blueprint for future development - guiding the transformation of the city centre over the coming years."
- released: Wednesday 16 September, 2015