The Owls were condemned to relegation on the final day of last season, with a 3-3 draw with Derby County not enough to see them avoid the drop, and the side will now be playing League One football in the 2021/22 campaign - for the first time in a decade.
Giving his verdict on the Owls' situation, Peterborough United chairman Darragh MacAnthony claimed: “I think if Darren Moore hadn't got ill with COVID, I think Sheffield Wednesday would have stayed up. I do rate him as a manager. I think he's a brilliant manager.
“I think what he's really good at is getting good loans from Premier League clubs. He did it with Doncaster and they were flying.
“My tip would be don't interfere and leave him to do what he is good at. Give him the support to recruit. The fans will be back and they are going to be a monstrous club in League One.
“I'm sure they have got still some strengths left there. Hopefully they can let go of lots of people that are out of contract who are on silly Championship wages.”
Here are today's biggest transfer stories and the latest team news involving Sheffield Wednesday and the rest of the Championship, as the reaction to last season and the build-up to summer transfer window continues:
1. Canaries keen on King
Norwich City are rumoured to be chasing Everton forward Josh King, who is said to be deemed surplus to requirements at Goodison Park. However, they face stiff competition for Turkish sides Galatasaray and Fenerbahce. (Football Insider) Photo: MICHAEL REGAN
2. Blues target set for exit
Birmingham City linked striker Douglas Tanque look set to leave top tier Portuguese side Pacos Ferreira in the upcoming transfer window. The Blues came close to signing him in January, and could swoop back in next month. (Sport Witness) Photo: PATRICIA DE MELO MOREIRA
3. Hornets have bid knocked back
Watford are said to have had a £2m bid turned down for Aberdeen prospect Lewis Ferguson. The 21-year-old midfielder has excelled for the Dons this season, and has been capped extensively at youth level for Scotland. (Daily Record) Photo: Ian MacNicol
4. Blues released host of players
Jon Toral, Dan Crowley and Ryan Burke are among 11 players to be released by Birmingham City following the end of the Championship season. The Blues finished the season in 18th place, nine points clear of the relegation zone. (BBC Sport) Photo: Michael Regan