The report claims that the Owls are ready to rival Aston Villa and Newcastle United for his signature and Fulham will sell the striker for a fee in the region of £12 million.
Wednesday came perilously close to winning promotion to the Premier League last season, falling at the final hurdle as they were narrowly defeated by Hull City in the Championship playoff final.
Despite the disappointment, many at Wednesday felt defeat was only another step on the path to promotion as their season was evident of the huge strides the club has made over the past 18 months.
The Yorkshire club boast an impressive squad with excellent Championship players such as Kieran Westwood, Barry Bannen and Fernando Forestieri and in Carlos Carvalhal they have a top coach.
The club are only a matter of pieces away from completing the promotion jigsaw, and one key piece is the addition of a top goal scoring striker to take the burden off Forestieri and Gary Hooper.
In McCormack, there are arguably no better outside the Premier League as proven in the past few years.
The Scotland international has netted a whopping 66 goals in his past three Championship campaigns, including 38 in 89 games for a Fulham side who have struggled at the wrong end of the table.
At Wednesday, the 29-year-old would arguably find goal scoring opportunities easier to come by and with the club backed by the wealthy Dejphon Chansiri, his reported price tag wouldn’t be too difficult to match.
The Hillsborough side are arguably a decent centre-back, winger and striker away from sealing an automatic promotion spot and who better than McCormack to help finish the job off?