The Owls are on the verge of securing a play-off spot in the Championship.
The Owls go into their final two games of the season in sixth place in the Championship, with a four point cushion to the side in seventh place Cardiff City.
But with Wednesday facing the Bluebirds in their penultimate game of the campaign, there is potential for a very nervy finish for Carvalhal's men should Cardiff come away from Saturday's clash at Hillsborough with a win that takes them to within one point heading into the final week.
But the Portuguese has suggested that even with that scenario looming over them, Wednesday have no reason to feel any pressure going into the game.
"At this time it is not stress, it is an opportunity to do something," he told the Star.
"It is a challenge to us and we like the challenge because of what is the opposite.
"The opposite is no stress, no challenge, no opportunity, playing in the middle of the table or having the stress of relegation.
"We are in football to live in these moments, in this kind of environment with crowded stadiums and enthusiastic fans, enjoying our football."
While missing out on a play-off spot would be a huge blow given that they have spent several weeks in the top six, they will still be able to reflect on what they have achieved this season with a tremendous amount of pride once the dust settles.
Nevertheless, Carvalhal may be wary of building the game up to an unnecessary level through fear that it stops the side playing the game in the style that has brought them so much success this term, so may want to play down the significance of the result in the hope that it brings the best out of his side.