The 2011 FA Youth Cup winners were key members of Warren Joyce's side that swept the board at Reserves level last term and there has been speculation that they could be among a number of players to be farmed out by Sir Alex Ferguson.
There is likely to be no shortage of interest in the lively wingers, who were both short-listed for the Reserves' Player of the Year prize, if the green light is given regarding a temporary spell elsewhere.
"We’ll see when I come back how I’ve developed and, if I’m ready I’ll go out on loan," Lingard revealed. "I met Sir Alex and he said we’ll see what happens when I come back for pre-season.
"I’ve developed well now from being in the Reserves. Initially, I didn’t want to go on loan as I will miss the lads here despite it being good experience. But there are things like I can’t cook whatsoever. I’ve got to be independent and learn how to grow up so now it’d be a good experience for me to go out on loan."
Cole, who missed out on the England Under-19 squad for the European Championship due to injury, is also intriguiged by the prospect of gaining regular first-team football at this stage of his career.
"It’s good to learn and get a taste of it [at United]," he stated. "But I’d like to play and, hopefully next season, I’ll come back and do that. I would also like to get experience out on loan.
"I would look forward to going out [elsewhere] – it’s what I’d like to do to get more experience."