The DBMS Redefinition wizard will allow you to make the change you want. However, the DBMS Redefinition wizard is only available if you have the DBA module on your Toad license key.
You can check to see if you have the DBA module on your license key by selecting Help | About. In the About window, if you look under where the version number is displayed, you will see where it will list your Add Ons. If it says DB Admin module, then you can use this in Toad. If you do not have DB Admin module listed, then you cannot use this in Toad. However, dbms_redefinition is actually an Oracle feature, so you can still use it, but it would just have to be outside of Toad. You would need to check Oracle docs for syntax and then you could write your own commands to dbms_redefinition.
To access the DBMS Redefinition in Toad, select Database | Optimizer | DBMS Redefinition Wizard. You can find information about this in our Help if needed.