Several roads in the east of the town as well as various roads approaching the centre have been suggested.
Three councillors say the council could apply for funding from the police and crime commissioner that could then be matched by the local community infrastructure levy to pay for the signs and have them installed.
Councillors John Price, Chris Schofield and Mark Jones have put a notice of motion to next week's Oswestry Town Council meeting asking that the Town Council install Vehicle Activated Speed signs at key locations on routes in the town.
Suggestions for siting of these signs include Unicorn Road, College Road, Middleton Road, Mount Road, Trefonen Road, Cabin Lane, Gobowen Road near to Oldport farm, and junctions entering the estate for Oswestry East.
The motions calls on the council to work with the local police force to identify the most suitable locations and seek funding from the police and crime commissioner's fund/Safer Roads Partnership. This would be match funded by money from developers via the community infrastructure levy local budget.
The three are calling for a report from the town clerk setting out a scheme for Oswestry.