The Bucks acquired the draft rights to Wolters (6-4, 190) from the Philadelphia 76ers. The guard was originally selected by the Washington Wizards with the 38th overall pick in the 2013 NBA Draft. His rights were subsequently acquired by Philadelphia before being moved to Milwaukee. In exchange for the draft rights to Wolters, the Bucks sent the draft rights to Ricky Ledo, the 43rd overall pick in the draft, and a future second-round pick to the Sixers.
Wolters played four years of college basketball at South Dakota State (2009-13) and left holding school records for scoring (2,353 points), assists (663) and free throws made (644). He is one of only four players in Division I history to leave school with 2,000 points, 600 rebounds and 600 assists, and the only player in South Dakota State history to surpass the 2,000-point mark.