As things stand, the Owls are six points adrift of safety, down in 23rd place, but if they can start stringing some wins together a push to safety is well within their grasp.
Speaking to the Star ahead of tomorrow's game, caretaker boss Neil Thompson refused to blame his side's COVID-19 enforced break from second-tier action for their loss to Coventry City in midweek.
He claimed: "We’ve got to keep positive. We’ve got to re-group, it can be difficult but we don’t have time to breathe now in terms of the programme.
We’re going to get twists and turns and ups and downs and tonight was a difficult one for us to take. But we’ve got to take it on the chin, analyse it and move on.”
Meanwhile, Wednesday's hunt for a new manager is now into its second month, and rumours continue to circulate over who could become Tony Pulis' successor, with a host of candidates linked to the job since the new year began.
Here's our latest rundown on news and transfer talk involving Sheffield Wednesday, and a number of their divisional rivals:
1. Cunningham rejoins Preston on loan
Preston have completed the signing of Greg Cunningham on loan from Cardiff City. The 29-year-old left the Lilywhites to join the Bluebirds in 2018, but has played little first team football since making the switch. (Club website) Photo: GEOFF CADDICK
2. Hornets snap up Elliot
Watford have signed ex-Newcastle United goalkeeper Rob Elliot on a half-season deal. He's recently been training with Charlton Athletic to keep sharp ahead of joining a new team. (Club website) Photo: Ian MacNicol
3. Bournemouth close in on Pearson
Preston North End star Ben Pearson is rumoured to be edging closer towards a move to Bournemouth. The 26-year-old played five full seasons for the Lilywhites, after joining from Manchester United back in 2016. (Sky Sports) Photo: Lewis Storey
4. Swans chase USA international
Swansea City are still chasing DC United midfielder Paul Arriola, but the deal is said to be "hanging in the balance". He's been capped on 34 occasions for the USA, and his international teammate Jordan Morris joined the Swans earlier in the month. (Wales Online) Photo: Michael Reaves