O'Neill is seeking clubs for Connor Wickham and Ji Dong-won.
"I'm all on for loaning players out," said O'Neill. "We don't have a massive squad, but I could stagger those loans so you don't have a big group out at the same time. In the case of Ryan Noble, its something I'd consider. He looks like he needs a proper chance to go and play.
"We've taken on a couple of centre-forwards, but whereas in the past going out on loan might have had a stigma to it, now that's far from the case."