The Owls are still recovering from the heartache of play-off semi-final defeat to Sunderland but attention will soon turn to next season and a renewed attempt to bypass the play-offs altogether with automatic promotion.
Some 15 first team players are either coming to the end of their contracts with the club or are approaching the end of their loan deals, meaning the rumour mill will no doubt be firing on all cylinders as to who will stay and who will go.
Those players include the likes of big names Massimo Luongo, Sam Hutchinson, Jack Hunt and Nathaniel Mendez-Laing, while the loanee list includes Bailey Peacock-Farrell and Jordan Storey.
Here are the situations as we know them on all the players that could leave for nothing in the coming weeks.. and what our gut instincts say might happen to each and every one.
13. Massimo Luongo
Said a few months back that he'd be open to a new deal, but crucially mentioned his ambitions to play higher than League One. Was signed on Championship wages and though those are likely to have dropped, it might be this is the time for him to move on. Seemed emotional leaving the ground on Monday. Verdict - Tough one, but early suggestions are he'll go Photo: Steve Ellis
14. Sam Hutchinson
It's understood there will be discussions over his future. 'Very tentative' conversations were had a few weeks back and Hutchinson has made it pretty clear he's keen to stay. Verdict - It's early days, but it looks likely he'll stay Photo: Steve Ellis
15. Nathaniel Mendez-Laing
Extended his stay at Wednesday back in January but his progress slowed a touch as he fell in and out of the side. Will no doubt attract interest from League One and the Championship having got back up to speed. Verdict - Gut feeling is that he'll move on Photo: Steve Ellis