The 18-year-old midfielder is joining on a month's loan next week. He won't be available for the trip to Luton this Saturday, but could make his debut against Norwich the following week.
Noble has made five Premiership appearances this season, and was also a part of the play-off-winning squad last year.
Taylor is also looking at ex-England Under-21 right winger Matt Piper. The former Leicester player has been released by Sunderland, who paid £3.5million to sign him from the Foxes in 2002. He could secure a deal with City if he proves his fitness after struggling with injury problems.