Can I toggle word-wrapping on/off quickly in Gedit?

Depending on nature of the text, sometimes line wrapping is convenient, sometimes it is just confusing. And every time I need to switch this (pretty frequently) I have to do to View - Preferences - Enable text wrapping - Close - four clicks, not mentioning all the hand, eye and thought motion. Can this be done a quicker way?

Most text editors have this two clicks away (in a menu) at maximum, some have it on a toolbar or a hot key, but I couldn't find any quick way in Gedit. Maybe there is a hot key I don't know?

In gedit 3.18 text wrapping can be turned on and off from the status bar.

Edit -> Preferences

under the view tab check enable text wrapping