Arriving at Kenilworth Road on a permanent basis from Leicester City in the summer of 2021, Muskwe went on to make 23 appearances for the Hatters in all competitions last season, scoring two goals.
This term he started in the Carabao Cup first round tie against Newport County and the away league win against Swansea City, and will now re-unite with fellow Hatter Carlos Mendes Gomes at Highbury Stadium, in order to get regular game-time in League One.
Manager Nathan Jones said: “It is a similar situation with Ade, as with Dion Pereira. We love him and he’s done well this season, especially at Swansea where he played a big part in our win.
“But we have to be fair to our young players in terms of the amount of game time they’re going to get as part of our squad, versus the opportunity to go out and play regularly at a good club.
“Ade’s time here so far has been a bit disjointed with him picking up an injury a month into last season, and the fact we brought him in as a wide attacker, but as we’ve evolved over the last year, we haven’t often played with one.
“It’s important to maintain the development and progression of a player, and there were a number of clubs interested in taking Ade.
“We felt that Fleetwood would be the best option so that he can join up with Carlos, play as a centre-forward and then come back to us not only as a more experienced player, but also having developed a partnership with another of our squad that can only be beneficial for Luton Town in the future.”
Good luck in your time with the Cods, Ade!