While mega-money signings aren't likely to be coming in, the Owls could still get their hands on some quality players, and will also look to bring in exciting young footballers from top tier clubs on loan. Here's all the latest news and transfer gossip from the Championship.
5. Ex-Owls boss could join Flamengo
Former Sheffield Wednesday boss Carlos Carvalhal has revealed he's in talks with Brazilian giants Flamengo over becoming their new boss, and branded them "one of the biggest clubs in the world." (Sky Sports) Photo: GEOFF CADDICK
6. David prefers Lille over Leeds
Leeds United are said to have taken "concrete steps" in the race to sign Gent's €35m-rated star Jonathan David, but the player is still said to prefer the idea of a move to France. (Daily Telegraph) Photo: BRUNO FAHY
7. Duo jostle for ex-Blades defender
Preston North End have been linked with a move for ex-Sheffield United defender Ben Heneghan, but will have to fend off competition from Millwall to sign the 26-year-old. (Sky Sports) Photo: George Wood
8. Race heats up for Addicks stopper
The likes of Cardiff City, Middlesbrough and Huddersfield Town have all been linked with Charlton Athletic goalkeeper Dillon Phillips, who impressed in the 2019/20 campaign despite his side's relegation. (Wales Online) Photo: Michael Regan