The 19-year-old has yet to feature for the Trotters but caretaker boss Dean Holden was keen to bring the youngster to the club and take a look at him.
He said: "Luke has impressed me every time I have watched him play. He's technically gifted with an excellent range of passing but also enjoys the defensive side of the game.
"Luke has a real desire to improve his game and crucially he has a fantastic attitude which is key to learning."
The midfielder will go straight into the squad for tomorrow's clash with Barnsley.
Read more at http://www.oldhamathletic.co.uk/news/article/signing-latics-capture-bolton-youngster-on-loan-2331551.aspx#o20yYLBLGvyhIFot.99