The 20-year-old joined the Owls from Southampton in the summer, but has yet to feature for the Championship side.
Cumbrians manager Keith Curle said of the signing on Friday: "We're not saying anything about his name, position or parent club until 2pm on Saturday."
Young goes straight into the Carlisle squad for Saturday's game against Cambridge United.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | BarrowBarrow | 7 | 5 | 1 | 1 | 11 | 3 | 8 | 16 |
| 2 | Gillingham | 7 | 5 | 1 | 1 | 10 | 2 | 8 | 16 |
| 3 | Walsall | 7 | 5 | 0 | 2 | 11 | 4 | 7 | 15 |
| 4 | Notts County | 7 | 4 | 2 | 1 | 14 | 7 | 7 | 14 |
| 5 | AFC Wimbledon | 6 | 4 | 1 | 1 | 9 | 4 | 5 | 13 |
| 6 | Doncaster RoversDoncaster | 7 | 4 | 1 | 2 | 11 | 9 | 2 | 13 |
| 7 | Crewe AlexandraCrewe | 7 | 4 | 1 | 2 | 7 | 7 | 0 | 13 |
| 8 | Bradford CityBradford | 7 | 3 | 2 | 2 | 9 | 7 | 2 | 11 |
| 9 | Port Vale | 7 | 3 | 2 | 2 | 11 | 10 | 1 | 11 |
| 10 | Chesterfield | 7 | 2 | 3 | 2 | 10 | 6 | 4 | 9 |
| 11 | Colchester UnitedColchester | 7 | 2 | 3 | 2 | 12 | 10 | 2 | 9 |
| 12 | Fleetwood TownFleetwood | 6 | 2 | 3 | 1 | 8 | 7 | 1 | 9 |
| 13 | Salford City | 7 | 2 | 3 | 2 | 4 | 6 | -2 | 9 |
| 14 | Grimsby Town | 7 | 3 | 0 | 4 | 9 | 12 | -3 | 9 |
| 15 | Tranmere RoversTranmere | 7 | 2 | 3 | 2 | 3 | 7 | -4 | 9 |
| 16 | Newport CountyNewport | 7 | 3 | 0 | 4 | 10 | 15 | -5 | 9 |
| 17 | Bromley | 7 | 2 | 1 | 4 | 9 | 11 | -2 | 7 |
| 18 | Cheltenham TownCheltenham | 7 | 2 | 1 | 4 | 9 | 11 | -2 | 7 |
| 19 | MK Dons | 7 | 2 | 1 | 4 | 6 | 9 | -3 | 7 |
| 20 | Harrogate TownHarrogate | 7 | 2 | 1 | 4 | 6 | 10 | -4 | 7 |
| 21 | Swindon TownSwindon | 7 | 1 | 3 | 3 | 7 | 10 | -3 | 6 |
| 22 | Carlisle UnitedCarlisle | 7 | 2 | 0 | 5 | 8 | 14 | -6 | 6 |
| 23 | Accrington StanleyAccrington | 7 | 0 | 3 | 4 | 8 | 16 | -8 | 3 |
| 24 | Morecambe | 7 | 0 | 2 | 5 | 5 | 10 | -5 | 2 |
| > League Two Full Table | |||||||||
