He needs to be loaned to L2 or National league. The lad needs minuets to improve his fitness and confidiance at first team level.
I would be happy for that if he's getting the minutes, but I think for him it would be best to stick around, play U23, hopefully get some goals for them and be around the building to force MR to not ignore him. I also think he could look at the way Godden plays to improve his overall play and also should he be called upon know where he needs to be and movements he needs to make to fill in for him.
With the loans I feel MR is just using it as 'out of sight, out of mind'. He should stick around, prove he wants to play for Coventry and use training and U23 to force his way into the reckoning. If he can't do that over the next five months then there would be a legitimate case for MR to consider offloading.