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 | Sunderland | 14 | 9 | 3 | 2 | 23 | 9 | 14 | 30 |
| 2 | Sheffield UnitedSheff Utd | 14 | 9 | 3 | 2 | 18 | 7 | 11 | 28 |
| 3 | Leeds UnitedLeeds | 14 | 7 | 5 | 2 | 22 | 9 | 13 | 26 |
| 4 | Burnley | 14 | 6 | 6 | 2 | 17 | 6 | 11 | 24 |
| 5 | West Bromwich AlbionWest Brom | 14 | 5 | 7 | 2 | 14 | 8 | 6 | 22 |
| 6 | Millwall | 14 | 6 | 4 | 4 | 17 | 12 | 5 | 22 |
| 7 | Watford | 14 | 7 | 1 | 6 | 22 | 22 | 0 | 22 |
| 8 | Middlesbrough | 14 | 6 | 3 | 5 | 18 | 16 | 2 | 21 |
| 9 | Swansea CitySwansea | 14 | 5 | 4 | 5 | 11 | 9 | 2 | 19 |
| 10 | Blackburn RoversBlackburn | 14 | 5 | 4 | 5 | 16 | 16 | 0 | 19 |
| 11 | Bristol City | 14 | 4 | 7 | 3 | 18 | 19 | -1 | 19 |
| 12 | Norwich CityNorwich | 14 | 4 | 6 | 4 | 23 | 20 | 3 | 18 |
| 13 | Derby CountyDerby | 14 | 5 | 3 | 6 | 18 | 18 | 0 | 18 |
| 14 | Stoke CityStoke | 14 | 5 | 3 | 6 | 17 | 18 | -1 | 18 |
| 15 | Sheffield WednesdaySheff Weds | 14 | 5 | 3 | 6 | 17 | 24 | -7 | 18 |
| 16 | Oxford UnitedOxford Utd | 14 | 4 | 5 | 5 | 17 | 17 | 0 | 17 |
| 17 | Coventry CityCoventry | 14 | 4 | 3 | 7 | 18 | 19 | -1 | 15 |
| 18 | Hull City | 14 | 3 | 6 | 5 | 15 | 18 | -3 | 15 |
| 19 | Luton TownLuton | 14 | 4 | 3 | 7 | 16 | 21 | -5 | 15 |
| 20 | Preston North EndPreston | 14 | 3 | 6 | 5 | 14 | 20 | -6 | 15 |
| 21 | Cardiff CityCardiff | 14 | 4 | 3 | 7 | 13 | 20 | -7 | 15 |
| 22 | Plymouth ArgylePlymouth | 14 | 4 | 3 | 7 | 14 | 25 | -11 | 15 |
| 23 | Queens Park RangersQPR | 14 | 1 | 7 | 6 | 12 | 23 | -11 | 10 |
| 24 | Portsmouth | 14 | 1 | 6 | 7 | 13 | 27 | -14 | 9 |
| > Championship Full Table | |||||||||
