Watt was released by Arsenal earlier this summer after failing to make a league appearance for the club.
The 22-year-old joined Colchester on a season-long loan last season, but his time at the Weston Homes Community Stadium was cut short through injury.
The former England Under-19 international scored twice in seven appearances for United during the last campaign.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Walsall | 23 | 16 | 4 | 3 | 43 | 20 | 23 | 52 |
| 2 | AFC Wimbledon | 23 | 12 | 4 | 7 | 35 | 19 | 16 | 40 |
| 3 | Doncaster RoversDoncaster | 24 | 11 | 7 | 6 | 34 | 28 | 6 | 40 |
| 4 | Salford City | 23 | 11 | 6 | 6 | 28 | 19 | 9 | 39 |
| 5 | Crewe AlexandraCrewe | 23 | 10 | 9 | 4 | 29 | 21 | 8 | 39 |
| 6 | Port Vale | 24 | 10 | 8 | 6 | 27 | 24 | 3 | 38 |
| 7 | Notts County | 23 | 10 | 7 | 6 | 36 | 26 | 10 | 37 |
| 8 | Grimsby Town | 24 | 12 | 1 | 11 | 35 | 37 | -2 | 37 |
| 9 | Bradford CityBradford | 23 | 9 | 8 | 6 | 30 | 26 | 4 | 35 |
| 10 | Chesterfield | 24 | 9 | 7 | 8 | 38 | 29 | 9 | 34 |
| 11 | Bromley | 23 | 8 | 10 | 5 | 34 | 26 | 8 | 34 |
| 12 | MK Dons | 22 | 10 | 4 | 8 | 36 | 30 | 6 | 34 |
| 13 | Cheltenham TownCheltenham | 24 | 8 | 7 | 9 | 34 | 36 | -2 | 31 |
| 14 | Gillingham | 23 | 9 | 3 | 11 | 22 | 24 | -2 | 30 |
| 15 | BarrowBarrow | 23 | 7 | 7 | 9 | 23 | 24 | -1 | 28 |
| 16 | Colchester UnitedColchester | 23 | 5 | 12 | 6 | 28 | 26 | 2 | 27 |
| 17 | Fleetwood TownFleetwood | 22 | 6 | 9 | 7 | 28 | 28 | 0 | 27 |
| 18 | Newport CountyNewport | 23 | 7 | 5 | 11 | 30 | 40 | -10 | 26 |
| 19 | Swindon TownSwindon | 24 | 5 | 9 | 10 | 31 | 39 | -8 | 24 |
| 20 | Accrington StanleyAccrington | 22 | 5 | 7 | 10 | 30 | 40 | -10 | 22 |
| 21 | Tranmere RoversTranmere | 22 | 5 | 7 | 10 | 16 | 32 | -16 | 22 |
| 22 | Harrogate TownHarrogate | 24 | 6 | 4 | 14 | 19 | 37 | -18 | 22 |
| 23 | Morecambe | 24 | 5 | 5 | 14 | 22 | 39 | -17 | 20 |
| 24 | Carlisle UnitedCarlisle | 23 | 4 | 6 | 13 | 19 | 37 | -18 | 18 |
| > League Two Full Table | |||||||||
