Carlos Carvalhal will be hoping that any signings Sheffield Wednesday make during this window push for a spot in the top five in the future.
As the January transfer window approaches the halfway stage, HITC Sport has taken a look at arguably the five best signings that Sheffield Wednesday have made since the start of the Premier League era in 1992...
5. Peter Atherton
Peter Atherton made over 200 league appearances for Wednesday, many as captain, helping the team remain in the Premier League until 2000. The stalwart left the club in the same year.
4. Lee Bullen
Unlike the other players on this list, Lee Bullen never got the chance to play for Sheffield Wednesday in the top flight, but that does not mean that he is not as fondly remembered as any other player who has represented the club in the last 25 years. Bullen enjoys cult-hero status at Hillsborough, having played in every position and having captained the side frequently.
3. Mark Bright
David Hirst may be held in much higher regard, and may have more goals, but because this list is compiled of players signed after the start of the Premier League era, it is Mark Bright that makes the top five. No Owls star has scored more top flight goals than Bright since 1992, and he finished as the club's top goalscorer in three consecutive seasons.
2. Des Walker
Des Walker made over 300 league appearances for the Owls. That included 50 appearances in all competitions during his final year at Hillsborough when the centre-back was approaching his 36th birthday. His consistency was a key reason behind Wednesday's ability to remain around the Premier League mid-table for several years, while also occasionally flirting to push even higher.
1. Chris Waddle
Though Chris Waddle was approaching the twilight of his career when he moved to Sheffield Wednesday in 1992, he had no problem creating some magical moments during his time with the Owls, most famously perhaps, his stunning free-kick in the 1993 FA Cup semi-final against Sheffield United. His quality was arguably one of the main reasons why Wednesday finished that season well inside the top-half of the Premier League and reached both domestic cup finals.