Milton Keynes Dons loanee has seen his temporary spell with the club cut short as parent club Cardiff City have opted to recall him.
With opportunities initially limited for the 22-year-old at Cardiff, Watters joined the Dons on a season-long loan in hopes to continuing his development and to gain regular first-team football.
His spell with the club began and ends with injury, seeing him unable to play in as many matches as he or the club would have liked, but when he was fit and playing it was clear how much talent he has.
In 14 total appearances for the Dons this season, Watters netted seven goals and provided an additional assist, with his rapid pace and confidence in front of goal helping Liam Manning's side climb to where they are in the League One standings - with his strike against Crewe Alexandra named the Dons' Goal of the Month in October.
Cardiff, however, have decided to activate a clause in his loan agreement in order to bring him back early, potentially seeing him start to break into the Championship club's first team.
Watters' return will become official on 2nd January, but due to injury he will not have the opportunity to play in the Dons' first home match of the new year against Gillingham on Saturday (1st January).
Speaking of Watters' return to Cardiff, Sporting Director Liam Sweeting commented: “With every season-long loan, the parent club has the option to recall their player in January and while we are disappointed to lose Max, we respect Cardiff’s decision."
He added: "He returns with our gratitude and best wishes for the remainder of the season and his career.”