The 19-year-old spent the end of 2021 with Hamilton Academical in the Scottish Premier League but the right-back will now make a return to League Two for the remainder of the campaign.
Matheson started the season as a regular starter in Stuart Taylor’s starting XI and made an appearance in 11 of the Accies’ first 16 matches, but he hasn’t made the squad since the quarter-finals of the Challenge Cup at the end of November.
A decision has been made to move Matheson on loan to Scunthorpe, and Matt Jackson, Wolves’ strategic player marketing director, believes the move will offer the full-back the best opportunity to continue his development under the tutelage of a familiar face. .
“It’s a good opportunity for Luke to reunite with Keith Hill, his former Rochdale manager,” Jackson explained. “Like all of our players, we want them to be in environments that suit them and to work with coaches who have helped them before, which is going to be the case here.
“Keith has already played a big role in Luke’s development and it’s great that he’s continuing to do so at Scunthorpe.
“It’s going to be a huge advantage for Luke because he’s still so young in terms of years of football, but he’ll go there with the confidence to play under a coach who understands him very well, gave him his start and his first exhibition, so we think this can only be a positive gesture.