Here's who the bookies reckon will be in the running to take the reins at Hillsborough, via Sky Bet’s latest odds...
1. Daniel Stendel
Odds: 16/1. Currently at the helm of Barnsley, who were promoted to the Championship last season. Photo: Nathan Stirk
2. Garry Monk
Odds: 14/1. The 40-year-old was recently sacked by Birmingham City, and spent a loan spell with the Owls as a player back in 2002/03. Photo: Nathan Stirk
3. Aitor Karanka
Odds: 14/1. He last position was at Nottingham Forest, where he picked up a 30% win rate in his one year spell. Photo: Alex Burstow
4. Nigel Pearson
Odds: 12/1. Another former Owls player, Pearson has been without a club since leaving Belgian side OH Leuven last February. Photo: Nathan Stirk