Speaking to the Official Club Website, Sheepshanks, Chairman since 1995 said: "I'm very pleased that we have been able to support Joe and bring David on loan to Portman Road.
"It's a measure of Joe's statue in the game that he is able to attract a player of David's standing from the Premiership to strengthen our push for promotion.
“I'm sure all Town fans will give David a huge welcome and wish him well as he joins our quest for the Premiership.”