The 19-year-old agreed a first professional contract with Rovers earlier this year and has spent the last three months on loan with non-league side AFC Workington.
Manager Ronnie Moore told the club's official site: "Will wants to play regular first team football and, unfortunately, there are others ahead of him at Tranmere.
"It's better for his progress to play competitive football regularly for Workington than for our reserves so this is a good move for him.
"He's a good lad, has a great attitude and I wish him the best of luck for his future."
