The 18-year-old joined Wolves for £1 million last January having burst onto the scene at Rochdale.
He will now continue his development at Portman Road and is in line to make his debut against Blackpool on Saturday as Town boss Paul Lambert looks to turn around his teams fortunes this season.
The Tractor Boys are currently 11th in League One and have struggled to find consistency in their bid to return to the Championship.
Ipswich Town Sign Wolves Right-Back Luke Matheson on Loan
Wolves Looking for Matheson to Gain More League Experience
At just 18-years-old, and despite being highly thought of, Matheson requires more league experience to aid his development. T
he right-back became Rochdale’s youngest ever player when he burst on to the Football League scene at just 15 years and 336 days. He went on to play 36 games, scoring two goals in all competitions.
Despite his inexperience, his form began to attract the interest of clubs in higher divisions, especially when he scored at Old Trafford in the League Cup against Manchester United.
In January of 2020, Wolves won the race for his signature when they signed Matheson for £1 million. However, they immediately loaned the youngster back to Rochdale for the remainder of the season.
His impressive form led to him being awarded with the League One Apprentice of the Year at the 2020 EFL Awards.
Developing at Wolves
The England youth international moved to Wolves permanently during last summer and has been a feature in their U23 team as his development has continued. Speaking prior to his loan move, he said: “I’m loving it here. The system is very different to anything I’ve ever played in before, and although you’d think a wing-back and a full-back are similar places on the pitch, they’re very different roles regarding the things they want me to do out on the pitch.
“I’m still getting used to that, but I’m learning every day, learning every training session, learning something else that I can do in that role, but it’s been great to get down to Compton and learn how the Wolves play.
Matheson will now be looking to add to his experience in helping Ipswich improve their form and start climbing up the table.