Harewood scored six goals in 15 games when recently on loan to Newcastle who were hoping to extend his spell at St James' Park.
But Villa have confirmed the former West Ham player will have surgery on Tuesday and then be sidelined for up to three months - until the end of April.
Hull and the Hammers have also been linked with a possible loan move for Harewood who began his career at Nottingham Forest.
Meanwhile Brad Guzan has hailed the help given to him by fellow Villa keeper Brad Friedel, but admitted his aim was to replace him as the club's number one.
Guzan admits he has learnt a lot from Friedel since making a £2million move from Chivas USA 18 months ago.
But he is keen to make his own mark and has been chosen by Villa manager Martin O'Neill to play in the majority of cup games this season.
And, if O'Neill sticks with the policy, Guzan will appear in the Carling Cup final against Manchester United or Manchester City at Wembley on February 28.
Guzan said: "Brad has been superb, a true professional, in terms of the conversations we have off and on the field.
"He has helped me a lot and we have got a good working relationship and a good relationship off the field.
"He has been nothing short of fantastic.
"Do I want to replace him? I think in any business, any job, in anything you do, you are striving to get to the top.
"He knows that I am an up-and-coming goalkeeper who is trying to push for playing time and he respects that.
"I can make him better, he can make me better."
Guzan added: "It is the best league in the world and you have got world class players week in and week out.
"When you play against those guys, it is ultimately going to make you better. We've got loads of them in our dressing room and to train with them is fantastic."
Guzan is taking nothing for granted in terms of whom O'Neill will choose between the posts at Wembley.
He said: "For us, the players and the management, that is a long way away. We have got a lot of games before that.
"When we get there, we would cross that bridge.
"Would I hope to play in the final? Definitely. I think everyone in the dressing room would love to play in the final.
"There are not many opportunities as a player that you get to play in a final. For us, it is massive."