An apparatus and a method are provided for a centerlock wheel assembly that is configured to improve driving dynamics and provide faster wheel changes. A centerlock adaptor is provided with a plurality of vehicle bolt pattern configurations disposed thereon. A first and threaded abutment are disposed on the centerlock adaptor. A hub adaptor is configured to threadingly engage with an exterior surface of the threaded abutment, thereby retaining a centerlock wheel, for example. Finally, a center cap is provided to threadingly engage with an inner surface of the threaded abutment. For each side of the vehicle, the centerlock assembly features particular threading arrangements so as to retain the centerlock wheel and counteract against various wheel dynamics. A centerlock wrench is provided to tighten and loosen the hub adaptor and center cap.