Over the weekend Giuseppe Iachini, a relative unknown on these shores, emerged as an apparent candidate following reports of the 59-year-old Italian’s interest in the role vacated by Darren Moore a little over a week ago.
However, he has now slipped down the list with former Owls skipper Dean Smith, most recenty with Leicester City at the tail end of last season, now out in front following reports that Wednesday had opened discussions with the 52-year-old.
A new face has entered the fray, though, in the form of ex-West Ham, West Brom and Watford manager Slaven Bilić.
Last week’s leading contenders, Paul Ince and Steven Gerrard are now way down the order, while also somewhat randomly added, former Fulham and West Ham forward Luís Boa Morte has moved down to 22/1. The Portugal international’s only managerial position was at lowly Sintrense in his homeland, however he has been working as a first team coach alongside Marco Silva at both Everton and Fulham.
Here are the runners and riders with odds from Sky Bet as of 2pm on June 28.
5. Carlos Carvalhal - 25/1
A lot has changed for Carlos Carvalhal and Sheffield Wednesday since he was last here, not least his hair. It seemed an easy pick with him having just left Celta having staved off relegation on the final day and Dejphon Chansiri poured cold water on talk of a return at the club's fans' forum Photo: Octavio Passos
6. Luis Boa Morte 22/1
A surprising new name on the list, Luis Boa Morte has been working mostly as a coach alongside Marco Silva at Everton and at his old club Fulham. Has very limited actual managerial experience Photo: Marc Atkins
7. Benito Carbone - 22/1
The former Owls attacker throws his hat into the ring every tme the vacancy comes up and has made no secret of wanting the job. He'll not get it. Photo: Tullio M. Puglia
8. Steven Gerrard - 18/1
The favourite for the post on Thursday according to the bookies. Liverpool legend Steven Gerrard may have to drop down a level after a bad experience as Aston Villa boss but he showed what he was capable of while at Rangers Photo: Alex Grimm