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Q: When I choose Loyal Companion do I automatically gain an animal companion?
A: No, as the talents states you form a bond with an animal you already own. With the exception of a wolf you can buy a war dog, falcon, or war horse and make that your loyal companion. If at some time you come across a wolf which you may want to train it, having it replace your current loyal companion, as if you had lost your old one.
the underlined sentence doesn't make grammatical sense any one wanna take a stab at it?