The 24-year-old could become a Hornet permanently come the end of the season because of an agreement between the two clubs, both owned by the Pozzo family.
Belkalem has played 90 minutes in all three of Algeria's qualifiers for the 2014 World Cup in Brazil.
He will wear the number 5 shirt at Vicarage Road.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Leeds UnitedLeeds | 26 | 15 | 8 | 3 | 48 | 19 | 29 | 53 |
| 2 | Burnley | 26 | 14 | 10 | 2 | 31 | 9 | 22 | 52 |
| 3 | Sheffield UnitedSheff Utd | 26 | 16 | 6 | 4 | 36 | 17 | 19 | 52 |
| 4 | Sunderland | 26 | 14 | 8 | 4 | 39 | 22 | 17 | 50 |
| 5 | Middlesbrough | 26 | 11 | 8 | 7 | 43 | 32 | 11 | 41 |
| 6 | West Bromwich AlbionWest Brom | 26 | 9 | 13 | 4 | 32 | 21 | 11 | 40 |
| 7 | Blackburn RoversBlackburn | 25 | 11 | 6 | 8 | 28 | 23 | 5 | 39 |
| 8 | Watford | 26 | 11 | 5 | 10 | 36 | 37 | -1 | 38 |
| 9 | Bristol City | 26 | 9 | 10 | 7 | 33 | 30 | 3 | 37 |
| 10 | Sheffield WednesdaySheff Weds | 26 | 10 | 7 | 9 | 38 | 40 | -2 | 37 |
| 11 | Norwich CityNorwich | 26 | 9 | 9 | 8 | 43 | 37 | 6 | 36 |
| 12 | Swansea CitySwansea | 26 | 9 | 7 | 10 | 30 | 30 | 0 | 34 |
| 13 | Queens Park RangersQPR | 26 | 7 | 11 | 8 | 29 | 34 | -5 | 32 |
| 14 | Millwall | 25 | 7 | 9 | 9 | 24 | 23 | 1 | 30 |
| 15 | Preston North EndPreston | 26 | 6 | 12 | 8 | 28 | 34 | -6 | 30 |
| 16 | Coventry CityCoventry | 26 | 7 | 8 | 11 | 34 | 37 | -3 | 29 |
| 17 | Oxford UnitedOxford Utd | 26 | 7 | 8 | 11 | 29 | 41 | -12 | 29 |
| 18 | Derby CountyDerby | 26 | 7 | 6 | 13 | 31 | 35 | -4 | 27 |
| 19 | Stoke CityStoke | 26 | 6 | 9 | 11 | 24 | 32 | -8 | 27 |
| 20 | Luton TownLuton | 26 | 7 | 4 | 15 | 27 | 44 | -17 | 25 |
| 21 | Cardiff CityCardiff | 26 | 5 | 9 | 12 | 26 | 41 | -15 | 24 |
| 22 | Portsmouth | 24 | 5 | 8 | 11 | 30 | 41 | -11 | 23 |
| 23 | Hull City | 26 | 5 | 8 | 13 | 25 | 36 | -11 | 23 |
| 24 | Plymouth ArgylePlymouth | 26 | 4 | 9 | 13 | 25 | 54 | -29 | 21 |
| > Championship Full Table | |||||||||
