The 18-year-old Irishman has impressed in the National League.
McDonagh joined the Welsh side in the summer until January and is therefore due to return to Forest next month.
But the 18-year-old Irishman is clearly enjoying his time at the Racecourse Ground.
The City Ground general view before clash with Hull
He was speaking to the Daily Post about his time at Wrexham today and his future with the club, insisting he would like to stay where he is until the end of the season rather than return to Nottingham Forest.
“I am feeling much better from last week, and hopefully now I can get back training and get my sharpness back.
“I am staying optimistic, the gaffer hasn’t said much to me yet, but I want to stay here, I don’t see why not. I have enjoyed my time here.
“I think personally I have gained a lot of experience fom playing and I am only 18 so it is always good to get games under my belt.”
General View of The Racecourse Ground
The Irishman, who made his debut for the Forest first-team against Cardiff City at the City Ground in August, is clearly a player that Forest think very highly of.
The teenager has performed well during his stint at the National League side, scoring five times in 20 league appearances and would surely find first-team chances at Forest hard to come by if he did return to Forest in the new year.
Hopefully he can continue to perform well at Wrexham if he does get the chance to stay.