Second year scholars Connor Jakeways and Will Taylor have both headed out on loan to new clubs.
Jakeways has joined Southern League Division One South side Evesham United and was a substitute for them in their loss to Cirencester Town on Monday.
The defender or midfielder had recently been on loan at Fairford Town in the Hellenic Premier Division, making four appearances for the Cinder Lane side and scoring once.
Left back Taylor has meanwhile linked up with Hellenic Premier leaders Bishop's Cleeve.
He helped Paul Collicutt's side to an important 3-1 away win over Malvern Town on Boxing Day.
Both players have appeared for the first team at Cheltenham in the Papa John's Trophy this season.