Sheffield Wednesday were one of the most active teams in England during the summer transfer window.
Wednesday have recently loaned out Caolan Lavery to Portsmouth, as they look to trim their inflated squad, and it seems more could follow him out of the door.
The Owls have assembled one of the largest squads in the Championship, and Carvalhal says that he has already informed those who are not part of his first-team plans at the moment that they may be allowed to move on.
"I talked with the players face-to-face and they know," he admitted. "I think it is not polite to say in public which players they are.
"But they know we are trying to arrange a place for them to play and to be probably more happy because players are happy when they are playing."
Wednesday have one of the biggest budgets outside the Premier League, but Carvalhal is not looking to use any more of his spending power.
“We are not planning to bring in anybody,” he said. “But you never know in football. Like other clubs in England, we have open eyes to send players on loan."
Part of the reason behind Carvalhal not being keen on signing any more players is likely to be down to their excellent form.
The Yorkshire outfit have won their last four matches in all competitions, and bringing in new additions could disrupt that momentum.
Wednesday are currently sat in 10th place in the Championship table, and they could move into the play-off places if they are able to beat Hull City on Saturday.