Wednesday are set to cash in on Hayden White’s departure to Bolton.
It is understood that both clubs want to agree on compensation and avoid going to a tribunal.
Talks are thought to have been held - amid speculation that the Owls could end up with £100,000 for the 18-year-old right back who elected to join Bolton at the end of his Hillsborough academy scholarship.
The rules entitle Wednesday to compensation for a player who was developed by their youth set-up, but a tribunal solution is not preferred, in view of the uncertainty involved.
Owls manager Dave Jones has said that the club made White a good offer and he could not understand why the defender preferred Bolton.
With Milan Mandaric having told The Star that the club are looking to “find homes” for certain other players, White may not be the only player to exit Hillsborough this summer, without even taking into account the five who have yet to agree new deals.
Chris O’Grady, targeted by Barnsley, has been the most prominent under-contract Hillsborough player in the recent transfer spotlight.
But there must be some uncertainty over Chris Lines, for example, and perhaps even Jose Semedo.
In January. Lines was allowed to join MK Dons on loan for the remainder of the season.
Jones felt that, after a long lay-off with a groin injury, the midfielder had been unable to regain the impressive pre-season form that would have seen him in the side for the start of the season, had he not suffered the injury in the final friendly, at Doncaster.
Lines, however, has indicated that he hopes to be in the plans for next season now that he is 100 per cent fit.
Semedo went from being an automatic choice for almost a season and a half, under Gary Megson then Jones, to being on the bench or sometimes in the stand, in common with some other players as Jones made changes and loan signings in an effort to improve the team’s dismal pre-Christmas form.
The last League start for Semedo was in the home 2-0 defeat by Leicester in November.
But any player wondering about his Hillsborough future and wanting to stay is bound to be encouraged by the way Jones restored Giles Coke and David Prutton to the side though they had been away on long-term loans.