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.
5. Pierce Charles
One of the most hotly-tipped youngsters in the Owls academy, goalkeeper Charles is a player who is the subject of discussion at S6 with regard to a possible loan move. Decisions will be made going forward - though injury to Cameron Dawson makes it feel unlikely. Could in theory loan out to non-league after the deadline ends, of course. | Steve Ellis
6. Brandon Ormonde-Ottewill
Reported as a potential transfer option elsewhere, former Arsenal youngster Ormonde-Ottewill has had an interesting career in Europe since leaving Swindon Town in 2017. Has played plenty in the Dutch second division and is now in Hungary with Puskás Akadémia. Aged 28, he does fulfil a position Wednesday are looking to strengthen. | Getty Images
7. Josh Windass
Often admired by clubs elsewhere, Windass is an important player for Wednesday, particularly under Rohl. Atletico Talleres are reported to have returned to their interest and The Star understands a bid has been received from MLS side Real Salt Lake. Windass told reporters no contract talks have been had with Wednesday. Seems highly unlikely he'll go anywhere. | PA
8. Michael Smith
There's interest in Smith, as there was in the summer. The Star understands multiple League One clubs are batting admiring eyes, though approaches enquiring as to free transfer and loan switches have been rebuffed. His future remains to be seen. Photo: Ben Roberts Photo/Getty Images