Arsenal manager Arsene Wenger feels loan deals should be treated just like permanent transfers.
Fabricio Coloccini has re-affirmed his commitment to Newcastle amid fresh speculation that he wants to leave.
The duo joined the Foxes at the start of November and will now remain with the npower Championship promotion challengers until January 2 2013.
Lingard played for United's Under-21 side on Monday and helped create Federico Macheda's goal in the 1-1 draw at Southampton before he was sent-off for handling the ball on the line. The 19-year-old has made four appearances for Leicester.
However, Keane's spell at the King Power Stadium was curtailed by a hamstring injury he sustained making his debut for the Foxes against Bolton on November 6.
The England Under-19 centre-back will link-up with Nigel Pearson's squad when he reaches full fitness.