The 20-year-old has started just five matches for Plymouth Argyle and failed to find the net for the Championship outfit.
Despite Paul Mariner replacing Paul Sturrock as manager Sheridan has decided that he won't be extending his loan deal at Home Park.
The striker said: "I'll go back to Celtic Park when I am finished up here and see what happens. I don't know what the club have planned for me but my plan is still to try and get into the first team at Celtic.
"It will be up to Celtic what I do next so it's out of my hands, but whatever happens I need to get some games in. I haven't been playing for a good while now. It's a while since I started a game and I have only been playing bits and pieces as a sub for Plymouth, so the move hasn't gone as well as I hoped.
"When I came down here first it was going well. I was getting games and playing well, but I lost my place after a while and things fizzled out for me then.
"I have 18 months left on my contract at Celtic so it's up to them what happens next. They may want to send me out on loan again next month, maybe to another SPL club, I don't know for sure, or I could end up staying at Parkhead.
"It looks like players will be coming and going at Celtic when the window opens next month. If players do leave it could open up the door for me to get back into the first-team squad, but they might also bring players in so it's hard to know what the manager will decide to do with me."
Sheridan spent the second half of last season on loan at Motherwell after scoring four goals during a brief spell in the first team.
Another loan deal seems more likely than staying on at Celtic with no competitive reserve matches to retain fitness and sharpness.
The u-21 rule, not Tony Mowbray's favourite rule, could help Sheridan out with the SPL demanding that club's list three players under 21 in their match day squads.
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