Ebanks has signed in time to be included in the Rouslers` squad for the short trip to the Trico Stadium to take on Redditch United on Monday night.
The 19-year-old had returned to Southern League Division One South side Evesham United for a second spell on loan in August and netted 9 goals in 12 games.
The forward signed his first professional contract with Cheltenham at the age of 17 in September 2020.
A powerful attacker, he has also spent time on loan at Worcester City, Tuffley Rovers as well as Evesham prior to signing professional terms.
He signed off his spell at Evesham with a brace, including a penalty, in their 3-1 win at Melksham Town on Saturday.
Sporting manager Gavin Hurren told his club`s website: “I really think Callum could be an absolute goal machine for us. He’s big, powerful and knows where the back of the net is.
“There’s been a lot interest in him but, luckily for us, we’ve been able to get him over the line.
“I’m really looking forward to working with him. He’s got a lot of ability and with myself and Gary Birch being able to work with him from now until the end of the season, it will put him in good stead in going back to Cheltenham and cementing a place in their first team.
“I want to thank Cheltenham Town and their director of football Micky Moore for pushing this one through”.
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