The 18-year-old midfielder's new terms at Whaddon Road are due to expire in summer 2016.
Williams has made three appearances for Cheltenham so far this season.
The Robins continue their league campaign on Saturday when they travel to Oxford United.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Port Vale | 16 | 10 | 3 | 3 | 24 | 16 | 8 | 33 |
| 2 | Crewe AlexandraCrewe | 15 | 8 | 4 | 3 | 19 | 13 | 6 | 28 |
| 3 | Doncaster RoversDoncaster | 16 | 8 | 4 | 4 | 22 | 18 | 4 | 28 |
| 4 | Walsall | 14 | 8 | 3 | 3 | 27 | 15 | 12 | 27 |
| 5 | MK Dons | 16 | 8 | 3 | 5 | 27 | 19 | 8 | 27 |
| 6 | Notts County | 16 | 7 | 6 | 3 | 23 | 15 | 8 | 27 |
| 7 | Grimsby Town | 16 | 8 | 1 | 7 | 19 | 25 | -6 | 25 |
| 8 | AFC Wimbledon | 14 | 7 | 2 | 5 | 23 | 13 | 10 | 23 |
| 9 | Bradford CityBradford | 16 | 6 | 5 | 5 | 21 | 17 | 4 | 23 |
| 10 | Gillingham | 15 | 7 | 2 | 6 | 16 | 12 | 4 | 23 |
| 11 | Chesterfield | 16 | 5 | 7 | 4 | 29 | 20 | 9 | 22 |
| 12 | BarrowBarrow | 16 | 6 | 4 | 6 | 17 | 15 | 2 | 22 |
| 13 | Fleetwood TownFleetwood | 14 | 5 | 6 | 3 | 20 | 15 | 5 | 21 |
| 14 | Salford City | 16 | 5 | 6 | 5 | 15 | 18 | -3 | 21 |
| 15 | Newport CountyNewport | 16 | 6 | 2 | 8 | 19 | 26 | -7 | 20 |
| 16 | Accrington StanleyAccrington | 16 | 4 | 6 | 6 | 22 | 26 | -4 | 18 |
| 17 | Cheltenham TownCheltenham | 16 | 5 | 3 | 8 | 21 | 25 | -4 | 18 |
| 18 | Harrogate TownHarrogate | 16 | 5 | 3 | 8 | 14 | 22 | -8 | 18 |
| 19 | Tranmere RoversTranmere | 14 | 4 | 5 | 5 | 10 | 17 | -7 | 17 |
| 20 | Bromley | 15 | 3 | 7 | 5 | 17 | 19 | -2 | 16 |
| 21 | Colchester UnitedColchester | 15 | 2 | 8 | 5 | 18 | 22 | -4 | 14 |
| 22 | Swindon TownSwindon | 16 | 2 | 7 | 7 | 18 | 25 | -7 | 13 |
| 23 | Carlisle UnitedCarlisle | 16 | 3 | 3 | 10 | 14 | 29 | -15 | 12 |
| 24 | Morecambe | 16 | 2 | 4 | 10 | 14 | 27 | -13 | 10 |
| > League Two Full Table | |||||||||
