Youngsters Almost Out and On Loan
The most likely to leave on loan are Isiah Osbourne, Gary Cahill and Stephen O'Halloran.
O'Neill has admitted their is a mass of interest in Gary as expected, but there is also a number of options for the others.
'People I would be looking to send out on loan are young players who need first-team football because they have reached a point where they would benefit from games which they maybe aren't getting here.
'But we're not looking to decimate the squad, we're looking to strengthen.'
Cahill looks likely to go back to Sheff U after his previous loan spell there.
'There are things ongoing at the moment.
'There's been a heck of a lot of interest in Gary which is not surprising considering he did so well at Sheffield United and it's a case of reviewing the situation.
'As for Osbourne, he would be one of those I would seriously think about sending on a short-term loan at the moment.
'He's injured - he has a bruised thigh - and that's why he didn't play in the reserves on Monday night against West Ham.
'But we're assessing his situation because a number of teams have shown an interest, certainly one in particular, and as soon as he's fit and well, we'll address it.'
Speaking overall about the January opportunity, he added:
'There will be things happening here between now and the end of January which I think will benefit the club and the players.'
We are waiting with baited breath Martin.