What would be the advantage to us of signing him and loaning him out? Why not just release him and let him sign for one of those if he wished and he could still live in Brighton.
See 1001 other posts about wanting to keep the man at the club, but in a coaching role or similar. Keeping him linked with us, but letting him go on loan, with ALL his wages being paid by the borrowing club, but coming back to us when he's decided he can't actually play any more - win, win. Why a problem?