The 20-year-old has been a regular in City's development squad this season, and has also made two appearances for Norway Under-21s.
Johansen joined City in 2008 and he signed a new contract in the summer that will keep him at the club until 2015.
He was rewarded with a place on the bench for the Community Shield win at the start of the season after featuring in a number of pre-season friendlies.
"Very happy to announce that I've just signed a loan deal at Scunthorpe United for the remainder of the season," Johansen said on social media.
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