Over the course of the past few weeks, the likes of Thorsten Fink, Joey Barton and Paul Cook have all been at the top of the favourites list, only to tumble down a few days later, with a variety of new names including Steve Bruce, Mark Bowen and John Carver starting to emerge.
Here's our latest rundown of OddsChecker's odds on the next Sheffield Wednesday manager, ranked from lowest to highest chance of being named as the Owls' next permanent boss:
13. Mick McCarthy - Current odds: 25/1
Current job: Unemployed. Last job: APOEL Nicosia. Career win percentage: 38.8% Photo: Alex Livesey
14. Slavisa Jokanovic - Current odds: 25/1
Current job: Al-Gharafa. Career win percentage: 53.7% Photo: NICOLAS TUCAT
15. Gus Poyet - Current odds: 22/1
Current job: Unemployed. Last job: Bordeaux. Career win percentage: 42.7% Photo: AFP
16. Joey Barton - Current odds: 20/1
Current job: Unemployed. Last job: Fleetwood Town. Career win percentage: 39.8% Photo: Pete Norton