The midfielder's contract expired after Saturday's draw with Burnley but he will now stay at Hillsborough until February 19.
After training with the Owls for much of the summer, McPhail signed a short-term deal in September.
He has since made 13 appearances for the club and will be eligible for the FA Cup fourth-round tie at Rochdale on Saturday.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Sheffield UnitedSheff Utd | 20 | 13 | 5 | 2 | 28 | 11 | 17 | 42 |
| 2 | Leeds UnitedLeeds | 20 | 12 | 5 | 3 | 36 | 14 | 22 | 41 |
| 3 | Burnley | 20 | 10 | 8 | 2 | 24 | 7 | 17 | 38 |
| 4 | Sunderland | 20 | 10 | 7 | 3 | 29 | 15 | 14 | 37 |
| 5 | Blackburn RoversBlackburn | 19 | 10 | 4 | 5 | 23 | 17 | 6 | 34 |
| 6 | West Bromwich AlbionWest Brom | 20 | 7 | 11 | 2 | 23 | 14 | 9 | 32 |
| 7 | Middlesbrough | 20 | 9 | 4 | 7 | 34 | 25 | 9 | 31 |
| 8 | Watford | 19 | 9 | 4 | 6 | 27 | 25 | 2 | 31 |
| 9 | Swansea CitySwansea | 20 | 7 | 6 | 7 | 21 | 19 | 2 | 27 |
| 10 | Norwich CityNorwich | 20 | 6 | 8 | 6 | 35 | 30 | 5 | 26 |
| 11 | Bristol City | 20 | 6 | 8 | 6 | 25 | 25 | 0 | 26 |
| 12 | Sheffield WednesdaySheff Weds | 20 | 7 | 5 | 8 | 23 | 29 | -6 | 26 |
| 13 | Millwall | 19 | 6 | 7 | 6 | 20 | 17 | 3 | 25 |
| 14 | Preston North EndPreston | 20 | 4 | 10 | 6 | 20 | 26 | -6 | 22 |
| 15 | Luton TownLuton | 20 | 6 | 4 | 10 | 23 | 35 | -12 | 22 |
| 16 | Coventry CityCoventry | 20 | 5 | 6 | 9 | 25 | 29 | -4 | 21 |
| 17 | Derby CountyDerby | 20 | 5 | 6 | 9 | 22 | 26 | -4 | 21 |
| 18 | Stoke CityStoke | 20 | 5 | 6 | 9 | 21 | 26 | -5 | 21 |
| 19 | Queens Park RangersQPR | 20 | 4 | 9 | 7 | 20 | 26 | -6 | 21 |
| 20 | Oxford UnitedOxford Utd | 19 | 4 | 6 | 9 | 20 | 30 | -10 | 18 |
| 21 | Portsmouth | 18 | 3 | 8 | 7 | 21 | 30 | -9 | 17 |
| 22 | Cardiff CityCardiff | 19 | 4 | 5 | 10 | 17 | 30 | -13 | 17 |
| 23 | Plymouth ArgylePlymouth | 19 | 4 | 5 | 10 | 19 | 40 | -21 | 17 |
| 24 | Hull City | 20 | 3 | 7 | 10 | 18 | 28 | -10 | 16 |
| > Championship Full Table | |||||||||
