The 21-year-old, son of Manchester United legend Peter, is the first player to be brought in since Chris Coleman took charge at the Ricoh Arena last month.

"Kasper has shown this season that he has all the attributes to be a top class Premier League goalkeeper and I have no doubt he will be a very valuable addition to the squad," said Coleman.

"He has great ability and strength, plus he has age on his side. The future is certainly bright for him."

Schmeichel, who had a loan spell at Championship rivals Cardiff earlier this season, will go straight into the squad to face Sheffield Wednesday on Saturday.