Carlos Carvalhal says the Frenchman has made his decision.
The versatile left sider is said to be negotiating his release from Hillsborough.
Sheffield Wednesday's busy transfer activity lasted right to the deadline with Adam Reach joining. So who is now surplus to requirements at Hillsborough?
The Wolverhampton Wanderers captain has revealed his fond memories of the Owls in Friday's Express & Star.
Sheffield Wednesday can only finish sixth in the Championship, whatever happens.
Helan was summoned back to Hillsborough after two months at Molineux.
Owls number 2 Lee Bullen suggests the club may recall Jeremy Helan from his loan spell at Wolverhampton Wanderers.
Jeremy Helan was restored to Wolverhampton Wanderers' side for their latest match against Hull City.
The 23-year-old is on loan from Championship side Sheffield Wednesday.
The winger has impressed since joining on loan from Sheffield Wednesday.