The 20-year-old has yet to feature for the Glovers first team this season and barely featured during their promotion campaign in League One last term and his last appearance for Yeovil came in the win over Cambridge in January.
Reed has also played for Forest Green Rovers during a two-month loan spell where he made nine appearances.
As yet, there's been no official news from the club.
Shots Sign Another Glover On Loan?
Terry Brown have signed Yeovil full-back Steven Reed on a months loan following a short spell on loan at Woking according to the BBc Sports website.