The youngster impressed during the first half of the campaign with the Championship side and now re-joins Nuno Espirito Santo’s first-team squad at Compton Park.
The Wolves Academy graduate scored once and assisted another during an unbeaten opening four matches for the Swans, before injury disrupted his time in Wales.
After returning from a foot injury on Saturday, the 20-year-old will now return to Wolverhampton for the second half of the season.
Gibbs-White, who has played 70 times for Wolves, will take the number 18 shirt and will be eligible for Friday’s Emirates FA Cup tie against Crystal Palace.