Over the course of the past few weeks, the likes of Thorsten Fink, Joey Barton and Paul Cook have all been at the top of the favourites list, only to tumble down a few days later, with a variety of new names including Steve Bruce, Mark Bowen and John Carver starting to emerge.
Here's our latest rundown of OddsChecker's odds on the next Sheffield Wednesday manager, ranked from lowest to highest chance of being named as the Owls' next permanent boss:
5. Eddie Howe - Current odds: 33/1
Current job: Unemployed. Last job: Bournemouth. Career win percentage: 41.8% Photo: Clive Brunskill
6. David Wagner - Current odds: 33/1
Current job: Unemployed. Last job: Schalke 04. Career win percentage: 33.5 Photo: Stu Forster
7. John Carver - Current odds: 33/1
Current job: Scotland coaching team. Career win percentage: 35.4% Photo: LINDSEY PARNABY
8. Danny Cowley - Current odds: 28/1
Current job: Unemployed. Last job: Huddersfield Town. Career win percentage: 51.4% Photo: Naomi Baker