Here’s who Sky Bet have as the current favourites for the job...
5. Aitor Karanka
Odds: 16/1. He last position was at Nottingham Forest, where he picked up a 30% win rate in his one year spell. Photo: Alex Burstow
6. Nigel Pearson
Odds: 13/1. A former Owls player, Pearson has been without a club since leaving Belgian side OH Leuven last February. Photo: Nathan Stirk
7. Gianfranco Zola
Odds: 13/1. He was the initial front-runner for the job, but his odds have lengthened considerably since last week. Photo: Harriet Lander
8. Garry Monk
Odds: 12/1. The 40-year-old was recently sacked by Birmingham City, and spent a loan spell with the Owls as a player back in 2002/02. Photo: Nathan Stirk