The Nottingham-born left-back, who joined the Magpies in March 2021 following his departure from Bundesliga outfit RB Leipzig, had joined the League One club in January for the remainder of the 2021/22 campaign.
However, the 19-year-old was unable to make his EFL debut for the Salop, featuring as an unused substitute in 11 consecutive league matches, and has returned to Tyneside where he will link up with United's under-23 side.
Bondswell, who made his professional debut on loan at Dutch side FC Dordrecht in August 2020, made his first-team bow for Newcastle during a 3-2 pre-season victory over Doncaster Rovers in July.
The defender is set to feature for Newcastle United Under-23s this evening when they host their West Bromwich Albion counterparts at St. James' Park (kick-off 7pm BST).