The 24-year-old is on a season-long loan deal with Sheffield United and both clubs confirmed on Monday he will see out the campaign at Bramall Lane.
Ebanks-Landell has scored five goals in 21 games for the League One leaders.
"He has been superb and it's fantastic for us and him he will be here until the end of the campaign," Blades boss Chris Wilder told the club website.
Wolves defender Ethan Ebanks-Landell has signed a new three-and-a-half-year contract at the Championship club.