The Blues boss has made no secret of his desire for additional resources to add to his side's attacking threat.
Depending on how things pan out, the route may be to tap into Cowley’s contacts at a Premier League for a temporary deal to aid a player’s development.
Or it could be the Blues take a player off a Championship side's wage bill before August 31.
We have looked at some of the contenders who could fit the bill.
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5. Ben Cottrell
Attacking midfielder looks set for a loan spell away from the Emirates this season. Photo: James Chance
6. Ben Thompson
We had to mention him didn't we! The speculation persists over a move to Fratton. Photo: SCC
7. George McEachran
The brother of Josh, the Chelsea man looks to be on his way out on loan again and has spent time with Swindon Photo: Nathan Stirk
8. Tyrese Francois
Highly regarded at Fulham but the Aussie's only had the one start so far Photo: Fran Santiago