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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1. Miguel Azeez
Been mentioned as a possible option and Cowley has strong Arsenal connections
Photo: James Chance
2. Jamie Allen
Linked with Pompey this summer and would fit the bill as the type of player Cowley needs
Photo: Bradley Collyer
3. Thierno Ballo
Couldn't have failed to catch Cowley's eye with a fine showing in his side's pre-season win over the Blues. (Photo by Alex Burstow/Getty Images)
Photo: Alex Burstow
4. Tom Bayliss
Talk of a loan exit from Deepdale for the former Coventry man before the transfer deadline
Photo: Tony Marshall