It's a move which seems to have pleased the majority of fans on Twitter, although many believe there could be more to the deal than meets the eye.
Burton, who lead League One by seven points heading into the final nine games of the season - having won on at least four more occasions than anyone else, are of course managed by Nigel Clough.
Clough, like Walker, was a Forest striker himself once, and has been heavily linked with a return to the City Ground as manager.
Forest sacked Dougie Freedman 11 days ago, placing Paul Williams in charge until the summer.
And the deal for Walker, son of Clough's former Forest teammate Des, has raised further suspicion that the ex-Derby County boss could follow in his own father's footsteps by taking the Tricky Trees' post.
Clough scored 130 goals in 402 appearances for Forest over the course of nine seasons and is likely to find the job hard to resist should it be offered by owner Fawaz Al-Hasawi, who according to the Nottingham Post, is keen to make a foreign appointment.
Here's the best of the reaction on Twitter:
Yes Tyler walker. Hope he gets some game time and some experience. Only 6 month late mind. #nffc— ian fisher (@ianfisher85) 24 March 2016
Would love to see Tyler Walker help Nigel's side get promoted, good news for everyone! #nffc— Luke Porter (@LukePortah) 24 March 2016
Glad Tyler Walker is finally able to go out on loan. Should have happened earlier but for the embargo restrictions. #nffc— Ravi (@ForestRav) 24 March 2016
Tyler joins Burton on loan so Nigel can have a good look at him before he joins #nffc in the summer...— Jack McCormick (@jack_mccormick) 24 March 2016
Good move all round with Tyler going to Burton. Hope he can bag a few for them. #NFFC— Fritzy McFritzface (@fritzromanov) 24 March 2016
Hope Tyler gets the much needed game time under his belt and starts grabbing some goals too #NFFC— Dan Duncan (@dannyduncs) 24 March 2016
Glad to see Tyler finally go out on loan, definitely what he needs and probably couldn't of gone to a better club! Good luck to him #nffc— Jcov (@Jcov1998) 24 March 2016
Tyler Walker could really benefit from that loan to Burton. Does this mean he'll be back with Nigel Clough?? Hmmm— Claire (@LilMissRedDog) 24 March 2016