Over the course of the past few weeks, the like of Gus Poyet, Paul Cook and Joey Barton have all been at the top of the contenders list, only to fall down the list a few days later.
Here's our rundown of OddsChecker's latest odds on the next Sheffield Wednesday manager, ranked from lowest to highest chance of becoming the new Owls boss:
1. John Carver - Current odds: 33/1
Current job: Scotland coaching team. Career win percentage: 35.4%.
Photo: Ian MacNicol
2. Sammy Lee - Current odds: 33/1
Current job: West Brom assistant manager. Career win percentage: 21.4%.
Photo: David Rogers
3. Ben Olsen - Current odds: 33/1
Current job: Unemployed. Last job: DC United: Career win percentage: 36%
Photo: Rob Carr
4. David Wagner - Current odds: 33/1
Current job: Unemployed. Last job: Schalke 04. Career win percentage: 33.5%
Photo: Dean Mouhtaropoulos