The 18-year-old forward has failed to break into the Watford first team this campaign after joining from Reading, where he scored the most goals at academy level in England last season.
Ikpeazu will wear the number 30 shirt while on loan at Gresty Road.
He has already been in action and scored for Crewe's Under-21 side against Huddersfield Town today.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| C | Stockport CountyStockport | 46 | 27 | 11 | 8 | 96 | 48 | 48 | 92 |
| P | Wrexham | 46 | 26 | 10 | 10 | 89 | 52 | 37 | 88 |
| P | Mansfield TownMansfield | 46 | 24 | 14 | 8 | 90 | 47 | 43 | 86 |
| 4 | MK Dons | 46 | 23 | 9 | 14 | 83 | 68 | 15 | 78 |
| 5 | Doncaster RoversDoncaster | 46 | 21 | 8 | 17 | 73 | 68 | 5 | 71 |
| 6 | Crewe AlexandraCrewe | 46 | 19 | 14 | 13 | 69 | 65 | 4 | 71 |
| 7 | Crawley TownCrawley | 46 | 21 | 7 | 18 | 73 | 67 | 6 | 70 |
| 8 | BarrowBarrow | 46 | 18 | 15 | 13 | 62 | 56 | 6 | 69 |
| 9 | Bradford CityBradford | 46 | 19 | 12 | 15 | 61 | 59 | 2 | 69 |
| 10 | AFC Wimbledon | 46 | 17 | 14 | 15 | 64 | 51 | 13 | 65 |
| 11 | Walsall | 46 | 18 | 11 | 17 | 69 | 73 | -4 | 65 |
| 12 | Gillingham | 46 | 18 | 10 | 18 | 46 | 57 | -11 | 64 |
| 13 | Harrogate TownHarrogate | 46 | 17 | 12 | 17 | 60 | 69 | -9 | 63 |
| 14 | Notts County | 46 | 18 | 7 | 21 | 89 | 86 | 3 | 61 |
| 15 | Morecambe | 46 | 17 | 10 | 19 | 67 | 81 | -14 | 58 |
| 16 | Tranmere RoversTranmere | 46 | 17 | 6 | 23 | 67 | 70 | -3 | 57 |
| 17 | Accrington StanleyAccrington | 46 | 16 | 9 | 21 | 63 | 71 | -8 | 57 |
| 18 | Newport CountyNewport | 46 | 16 | 7 | 23 | 62 | 76 | -14 | 55 |
| 19 | Swindon TownSwindon | 46 | 14 | 12 | 20 | 77 | 83 | -6 | 54 |
| 20 | Salford City | 46 | 13 | 12 | 21 | 66 | 82 | -16 | 51 |
| 21 | Grimsby Town | 46 | 11 | 16 | 19 | 57 | 74 | -17 | 49 |
| 22 | Colchester UnitedColchester | 46 | 11 | 12 | 23 | 59 | 80 | -21 | 45 |
| 23 | Sutton UnitedSutton | 46 | 9 | 15 | 22 | 59 | 84 | -25 | 42 |
| R | Forest Green RoversForest Green | 46 | 11 | 9 | 26 | 44 | 78 | -34 | 42 |
| > League Two Full Table | |||||||||
