I understand what the new loan rules are trying to achieve but there's going to be a lot of players left in limbo having not made the 25 man squads; that can't be good for the game surely.
I would definitely take him back. He knows the club, the players and the coaching staff and we know he's more than good enough for this division when 'well'.
Much better (and cheaper if only a loan) option than taking a punt on an unproven overseas player for a few million quid which...