Sharks skipper Mike Tuck says his team owe Newcastle Eagles for ending their run in the BBL Cup.
Sheffield were knocked out of the cup in the north-east after failing to build on a lead from the first leg at the EIS.
Tuck and the Sharks travelled to Newcastle with an 82-79 advantage but were soundly beaten 84-57 in the second match.
Since then Sheffield have won four of their last six games to move joint second in the BBL Championship alongside the Eagles and progress to the last eight of the Trophy.
Worcester Wolves lead the league table four points clear of Sheffield and Newcastle.
Tuck said: “The game on Friday is a very important one for us. It gives us a chance to go into outright second place and also one game closer to catching top spot.
“The last time we went up there it was very disappointing and the team definitely hasn’t forgotten about that game.
“We owe them one and our guys are looking forward to the challenge.”
Sharks will arrive in Newcastle buoyed by their 96-93 overtime success against Lions which further underlined their strong title credentials.
“The win against the Lions was huge for us,” said Tuck.
“Not only did it give us the head to head against them, but it also moved us into joint second place in the BBL Championship.
“London are a tough and physical team, so we had to match their intensity.
“It was a grind it out kind of game and we were able to take them to overtime and get the win.”
Sharks Trophy quarter-final at Plymouth will take place next Wednesday in Devon.