One confirmed deal in, two already out. Just 11 days in, the Owls are looking to do business early as they seek to give Danny Rohl's squad a further boost in their increasingly optimistic survival mission.
There's a lot going on behind the scenes and stories are emerging, with The Star having reported a number of potential ins and outs as we approach the halfway stage of the window.
Here's a whistle-stop run-down of all the stories as we have them from Middlewood Road.
1. Lee Gregory
The veteran striker has hero status at S6 but has fallen down the pecking order in recent weeks and looks likely to leave. The Star revealed interest from League Two, where a handful of clubs are interested in taking him on as he approaches the final months of his Owls contract. Photo: Ben Roberts Photo
2. Reece James
There's interest out there. Like a handful of his teammates, there's a deal to be done but it's a case of striking that deal. The interest The Star are aware of is from clubs in League One and League Two.
3. George Byers
Wednesday's mood with regard to a possible move away for Byers has eased, it's understood. There's interest but as with every player, the right deal would have to cross the table of all parties. Photo: Ben Roberts Photo
4. Duncan McGuire
Emerged as a player Wednesday are hot for this week. A seven-figure bid has been launched and the Owls appear to have put themselves in the race. Blackburn Rovers and Danish side FC Midtjylland are said to be keen, also. Decisions will be made fairly imminently.