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:
17. Roy Keane - Current odds: 18/1
Current job: Unemployed. Last job: Nottingham Forest (assistant). Career win percentage: 38.7% Photo: Lewis Storey
18. Nigel Pearson - Current odds: 18/1
Current job: Unemployed. Last job: Watford. Career win percentage: 40.9% Photo: JUSTIN TALLIS
19. Chris Coleman - Current odds: 16/1
Current job: Unemployed. Last job: Hebei China Fortune. Career win percentage: 32.9% Photo: Nigel Roddis
20. Paco Jemez - Current odds: 14/1
Current job: Unemployed. Last job: Rayo Vallecano. Career win percentage: 32.2% Photo: Gonzalo Arroyo Moreno