Speaking to the Bolton Evening News, Lennon said:
"We really need some bodies in now, we really are very, very short. January is going to be important if we're going to keep this up,"
"The lines of communication between myself and the chairman will be open for the next four weeks. I'm hoping it will be busy with people coming in and not too many going out.
"We need some strength in depth now because we're down to kids."
It is understood that Wanderers are in discussions with Manchester United for young attacker Nick Powell, who could be brought in on loan to replace Chung Yong Lee Chung Yong who today left for the Asia Cup competition in Australia.
Also believed to be on Lennon's shortlist are his former Celtic charges Adam Matthews and Kris Commons, a right back and attacker respectively, along with Everton's promising left back Luke Garbutt.