Ipswich have the option of extending the deal further should they make the play-offs, although his parent club do have a 24-hour recall option.
"I'm delighted to be extending the loan because I've really enjoyed my time at Ipswich," the 20-year-old midfielder told Town's official website.
"It's been a great experience for me and I've loved working under the manager and TC [Terry Connor].
"I'm excited to get back training with the lads and playing my part as we try and push into the play-offs."
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