The full-back has been out of action since New Year's Day with an ankle injury sustained against Port Vale and with an expected recovery time of three weeks, boss Ronnie Moore has opted against renewing the deal.
However, Moore is keen on signing him permanently in the future.
"I would like to do something with him. He knows the situation so perhaps we might be able to do something at the end of the season," he said after Saturday's 2-1 defeat to Southend.
Source: PA