"He has brought us composure, experience and knowledge in a very important area of the pitch and he has definitely got goals in him.
"He arrives on the edge of the box and if he continues hitting them like that they will keep going in.
"Velice and Tommy Miller have complemented each other very well in central midfield and both know there are players waiting to play, which has given them extra incentive."
Magilton felt his side created enough chances to win two games.
"In the first half we had enough opportunities but stayed patient and didn't get anxious when they weren't going in," he said.
"Then after the break we took our chances and found ourselves cruising."
Simon Grayson was left in disbelief after losing both his centre halves in the opening 31 minutes.
"This is the last place you want that to happen, after the Nou Camp," he joked.
"It was always going to be difficult before that happened because Ipswich are a very good team with a great record at Portman Road.
"But to lose two experienced players, the spine of your team, so early on meant our plan went out the window.
"Keith Southern and Shaun Barker battled manfully in their place but, overall, we were taught a footballing lesson. Ipswich could have scored three, four, or five.
"We rode our luck and had we got anything from the game I'd have been a bit embarrassed."