The Star understands talented youngster Charles Hagan has agreed a new deal with the Owls.
That’ll be welcome news for the club’s fans, who have seen numerous young players leave for a fraction of their value in recent years.
Sheffield Wednesday' s ongoing cashflow problems is believed to have put off some potential signings.
It was reported earlier this week that Barry Bannan is to have talks with the club on Friday when the players return for pre-season after admitting that Wednesday ‘is not a great place at the minute.’
Here’s the latest League One transfer news.

. Stay or go?
Doubt has been cast over Barry Bannan's future following his comments in a recent interview. Photo: Nathan Stirk

1. Stay or go?
Doubt has been cast over Barry Bannan's future following his comments in a recent interview. Photo: Nathan Stirk

2. Crewe sign Southampton defender
Crewe have announced the signing of defender Kayne Ramsay on a season-long loan deal from Southampton. Photo: Pool

3. Millers defender on the move
Clark Robertson has joined Portsmouth from Rotherham United on a two-year deal. Photo: Mike Hewitt

4. Promoted Blackpool sign Leeds defender
Leeds have confirmed defender Oliver Casey has joined Blackpool on a permanent basis for an undisclosed fee. Photo: Michael Regan