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:
21. Neil Thompson - Current odds: 8/1
Current job: Sheffield Wednesday caretaker. Career win percentage: 28% Photo: George Wood
22. Darren Moore - Current odds: 11/2
Current job: Doncaster Rovers. Career win percentage: 45.6% Photo: George Wood
23. Paul Cook - Current odds: 4/1
Current job: Unemployed. Last job: Wigan Athletic. Career win percentage: 43.1% Photo: Bryn Lennon
24. Vladimir Ivic - Current odds: 1/1
Current job: Unemployed. Last job: Watford. Career win percentage: 60.7% Photo: Marc Atkins