The 28-year old winger will stay with the Seagulls until December 14 before heading back to Cardiff but he cannot join another club on loan or permanently until the New Year.
Conway, who has been recalled by Scotland since his temporary shift to Brighton, has indicated that finding another club or returning to the Amex Stadium could be a good move for his career.
"It's going really well at Brighton. I'm playing, I'm enjoying it and that's what keeps me in with a chance of a Scotland jersey," he told The Argus.
"My emergency loan runs out on December 14, you're only allowed 93 days, so I can't go out on loan again or move permanently until January 1.
"I've got games to play before I need to worry about that. I could potentially go back to Brighton, though. I'll just need to go back to Cardiff and train.
"I'd rather be out playing than sitting rotting away at Cardiff. I'd hate to be one of those players who sits and just picks up his wages at a team. I want to play."
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