Aston Villa are hoping to pull off a glamorous pre-season match against Portuguese champions Porto at Villa Park.
But fans who had been hoping to join their side on a return trip to America and Canada following the hugely successful tour of last summer are set to be disappointed.
The team's Intertoto tournament commitments in July leave little time for a long-haul trip overseas and O'Neill is looking for pre-season matches a little closer to home.
Villa's players are set to return for pre-season training at the very beginning of July with the first raft of pre-season friendlies announced.
While the games so far will suit the players in terms of trips to Lincoln City on Tuesday July 15, Walsall on Tuesday July 22 and Reading on Saturday August 2, Villa realise a mouth-watering fixture against a top European club would be a real crowd-puller and a reward for the loyalty of their fans who last season clocked up the best home attendances for 25 years.
Last August Villa played host to Italian Serie A side Inter Milan and the match proved a huge success with a sell-out crowd turning out to see O'Neill's young guns beat the Nerazzuri 3-0.
O'Neill said: "We need to arrange pre-season games and we need a few matches before the Intertoto. I would have preferred a more leisurely build-up, that is not to be and so we just have to get on with it.
"I think we would have been back by July 7 or something like that and now we'll be back in the early part of the week before."
At least O'Neill does not have to worry about his charges and their international responsibilties too much this summer.
With Sweden international Olof Mellberg off to join Juventus, Dutchman Wilfred Bouma is Villa's only representative in the European 2008 Championships.
England trio Barry, Ashley Young and Gabriel Agbonlahor have friendlies lined up against the United States and Trinidad while Agbonlahor may also be called up to play with Stuart Pearce's England Under 21s.
O'Neill said: "I think we'll stay a bit closer to home now. America is something we would have thought about if the Intertoto hadn't come up."
Meanwhile, Arsenal's talented young right-back Justin Hoyte was last night said to be back on Villa's radar as O'Neill scours the Premier league and beyond to try to find a replacement for Mellberg.
Mellberg had taken up the responsibility of right-back until the season's end but his move to Juventus means that role has to be filled.
Hoyte has many credentials which would impress the Villa manager having established himself as a first-team player with Arsene Wenger's side over the last three seasons.
He amassed 36 appearances last season but was rewarded with a new long-term contract last May.
Hoyte is regarded as a solid defender while -as the son of an England international sprinter and athletics coach - he is also renowned for is pace in going forward.
He was the first Englishman to score for Arsenal at Emirates Stadium when he struck against Charlton on January 2, 2007 and has a younger brother Gavin at the club who is playing with the reserves.