With a threadbare squad following numerous departures, the race is on for the Owls to bolster their ranks across the board, and Garry Monk will be eager to build his own side capable of responding to their 12-point deduction. Here's all the latest news and transfer gossip from the Championship.
5. Monk second-favourite for Cherries job
Sheffield Wednesday manager Garry Monk has been made the bookies' second favourite to take the vacant Bournemouth job, but temporary manager Jason Tindal is the current front-runner to get the position permanently. (Sky Bet) Photo: Clive Rose
6. Whites set hefty asking price for Canaries ace
Leeds United are said to have been quoted a fee in the region of £25m for Norwich City midfielder Emiliano Buendia, amid interest from the likes of Atletico Madrid and Valencia. (Daily Mail) Photo: MATT DUNHAM
7. Hoops eye Chelsea forward
QPR are understood to be targeting a move for Chelsea forward Izzy Brown. He starred on loan for Luton Town last season, and looks likely to leave Stamford Bridge in pursuit of first-team football. (West London Sport) Photo: Luke Walker
8. Bluebirds lead chase for Moore
Cardiff City look set to beat the likes of Preston North End and Millwall to in-demand Wigan Athletic striker Kieffer Moore. The £3m Wales international appears likely to leave the club following their relegation. (Wales Online) Photo: Harry Trump