Romero, who turned in the shortest outing of his career in a 16-0 loss to the A's on Wednesday, surrendered eight earned runs and walked six batters to lose his sixth consecutive start, becoming the first Blue Jays pitcher since Josh Towers in 2006 to lose that many in a row.
Toronto would likely skip Romero in the rotation before sending him down to the Minor Leagues to correct what's plaguing him, but all options are currently on the table.
"We haven't had those in-depth conversations yet, but I know that we will," Farrell said when asked if the team had considered skipping his next turn. "That's not to elude that we are going to take him out of the rotation, but we exchanged a number of thoughts into the early morning last night and we will continue."
Farrell said that he spoke at length with general manager Alex Anthopoulos about Romero, whose ERA skyrocketed to 5.75 after Wednesday's drubbing.
Before any action is taken with Romero, Farrell said that he will have a talk with the 27-year-old and make further suggestions to him.
Farrell said to skip a starter, and not just Romero, would happen when a number of steps have been addressed without any beneficial results. As for a potential demotion to the Minors, Farrell said "It's premature to talk about Ricky in that way."
"He's scuffling," Farrell said about the southpaw, whose record sits at 8-7. "There have been games that he has put together a solid outing, pitched with conviction, and yet there are others that we've seen where that hasn't been the case."
What Farrell finds most puzzling, is that he felt in Wednesday's outing Romero showed some of the best power stuff they have seen from him in a number of outings.
Romero's battery mate, J.P. Arencibia, who was placed on the 15-day disabled after fracturing his right hand in Wednesday's game, agrees with his skipper that Romero's stuff is fine, regardless of the results.
"It's one of those things, when it goes bad it goes bad," Arencibia said. "He hasn't had much luck on his side to go with the consistency of being able to execute pitches. He will be fine. Everyone is this game goes through rough patches, tough times for an extended period of time. He is too good to not learn from this."
For Arencibia, he believes there is something tangible for Romero to work on and that he will get out of this rough stretch and be a better pitcher because of it.
"It's fastball command. When you can establish your fastball on both sides of the plate, it makes all the other stuff better," Arencibia said. "That's a big issue, especially in the Major Leagues.
"These guys are such good hitters that even a [Justin] Verlander -- if he's not locating, he's going to get hit. So I think that's a big part of it."