Deciphering the oracle bone script plays a significant role in Chinese archaeology and philology. However, it is significantly challenging due to the scarcity of oracle character images. To overcome this issue, we propose Diff-Oracle, based on diffusion models (DMs), to generate sufficient controllable oracle characters. In contrast to most DMs that rely on text prompts, we incorporate a style encoder to control style information during the generation process. This encoder extracts style prompts from existing oracle character images, where style details are converted from a CLIP model into a text embedding format. Inspired by ControlNet, we introduce a content encoder to capture desired content information from content images, ensuring the fidelity of character glyphs. To train Diff-Oracle effectively, we propose to obtain pixel-level paired oracle character images (i.e., style and content images) by a pre-trained image-to-image translation model. Extensive qualitative and quantitative experiments conducted on two benchmark datasets, Oracle-241 and OBC306, demonstrate that our Diff-Oracle outperforms existing generative methods in terms of image generation, further enhancing recognition accuracy. Source codes will be available.