The Owls are believed to be interested in signing a young central midfielder from a Premier League club upon the expiration of his contract at the end of this month.
The 22-year-old enjoyed a successful loan spell in the Championship with Wycombe Wanderers last season.
Elsewhere, Sheffield Wednesday’s League One rivals continue to press on with their squad rebuilds while the Owls remain under a transfer embargo, which restricts them to loans and free transfers.
Seven deals were confirmed in the third tier on Tuesday, which you can read about below, including a move for ex-Wednesday player Matt Penney.
The new season is set to get underway on Saturday, 7 August. The Owls begin away to Charlton Athletic.

9. New deal for in-demand winger
Harry Chapman has signed a new one-year contract with Blackburn Rovers after impressing on loan in League One last season. Chapman is thought to have a number of admirers in the third tier after scoring seven times in 16 appearances after signing for Shrewsbury Town in January. Photo: Pete Norton