Maguire, who can either play in attack or out wide, has made just four appearances for the Owls this term, three of them coming off the bench.
City boss Steven Pressley said: "Chris is a really exciting, versatile player and I'm looking forward to working with him.
"He's got a great set-piece delivery, he's quick and he can play both out wide or as a striker, so he's a player that brings good versatility and that is important within our tight group."
- Sports & Recreation
- Steven Pressley