Over the course of January, we've seen the likes of Joey Barton, Roy Keane and Neil Thompson all move their way to the top of the favourites list, only to slip away gradually as new names continue to be linked with the vacant position.
Here's our rundown of OddsChecker's latest rundown on the current favourites to become Sheffield Wednesday' s next manager, ranked from worst to best chance of getting the job:
1. Rafael Benitez - Current odds: 50/1
Current job: Unemployed. Last job: Dalian Professional. Career win percentage: 49.2% Photo: STR
2. Steve Bruce - Current odds: 40/1
Current job: Newcastle United. Career win percentage: 38% Photo: LEE SMITH
3. Owen Coyle - Current odds: 40/1
Current job: Unemployed. Last job: Jamshedpur. Career win percentage: 38% Photo: Nathan Stirk
4. Ben Olsen - Current odds: 33/1
Current job: Unemployed. Last job: DC United: Career win percentage: 36% Photo: Rob Carr