Sevilla have also been linked with a move for the Irish winger.
Plenty of Championship clubs have been linked with a loan move for Aiden McGeady in recent weeks. The Irish international is not in Roberto Martinez's plans at Goodison Park and is available on a loan deal if a team can tempt him out.
The report from The Guardian stated that Sevilla coach Unai Emery, who briefly managed McGeady at Spartak Moscow in Russia, was keen on bringing in McGeady as extra cover for the rest of the season.
However, it looks like he is off to Sheffield Wednesday after all.
It had previously been reported that the Yorkshire club would not get their hands on the player, who was not keen on a move to the Championship.
However it looks like the Everton man might have had a change of heart.
McGeady has fallen foul of Roberto Martinez's team selection recently and has played just one game for the club this season - in a 5-3 win against Barnsley in the Capital One Cup back in August.
However he has played three times for Ireland this season and his hope will be that a switch from Everton to Sheffield Wednesday will ensure him of a Euro 2016 spot.