The text for the attachment O Lorien reads:
"Song.
Attach to hero.
Action: Exhaust O Lórien! to lower the cost of the next Silvan ally played this phase by 1 (to a minimum of 1)."
It does not state played by you or controlled by you and because you clearly choose the planning phase it seems like you can allow another player to play a Silvan ally during their turn in the planning phase and reduce its cost by 1 when playing with two or more players or decks. Thoughts?