lee Bullen is rejoining the Owls as a youth coach.
He will formally become a member of the academy staff for next season.
The club’s former captain will also continue to be involved in his Sheffield estate-agent business, Spencers.
Bullen, who quit as coach of Falkirk last October, is being appointed by Wednesday as they re-structure their academy to meet criteria required under the re-classification of youth football in England.
Owls academy manager Sean McAuley said: “Lee has done some sessions already and we will make it more formal from next season.
“Historically we have been under strength at academy level anyway. Lee will come in as a coach as we put in place plans to meet the new criteria.
“He has never really been out of our thoughts in the academy. He took his (coaching) licence while he was here (as a player) and did some coaching while he was here.
“When he moved away we kept in touch with him. He understands what our academy is all about, and he is young, enthusiastic and knowledgeable.”
Part of the programme for young players is devoted to education - so their timetable will allow the 41-year-old ex-skipper to be involved in the estate-agent company that he runs with his partner.
McAuley added: “Lee has made a commitment to his business but he is also taking an opportunity to come to a club with which he has a lot of affinity.”
Bullen became a Hillsborough legend by leading the Owls to promotion via the 2005 play-offs and playing in every position during his four years with the club. He left in 2008 but also remains a Wednesday fan.
“I’m really excited about this - it’s like coming back to a second home,” he said.
“I’ve been coming in for three or four mornings and dipping my toe in the water for the last two or three weeks, so I can get to the know the lads and they can get to know me.
“The first game I was involved in was against Sheffield United a couple of weeks ago and we won 3-0. We lost 3-1 to Newcastle but they’ll probably win the league and the lads played really well against them.“
The Under 18s were also drawing 0-0 with Manchester United at Middlewood yesterday and putting up a good show before the game was abandoned just before half time because of waterlogging.