GD Chaves currently employ a former Sheffield Wednesday player.
Eight players were either sold or released by Sheffield Wednesday in the summer.
Melo leaves Sheffield Wednesday after two and a half years.
Sheffield Wednesday are set to re-shape their squad ahead of another season in the Championship.
Melo has made eight consecutive starts for the Portuguese side, whom he joined on loan from Sheffield Wednesday in January.
Which Sheffield Wednesday players would fans not mind seeing the back of this month?
Melo hasn't made a single appearance for Sheffield Wednesday over the past two campaigns.
Sheffield Wednesday drew 1-1 at the Impact Arena on Tuesday. Here's five things we (might have) learned...
Sheffield Wednesday midfielder Filipe Melo is out injured for the season.
Liverpool are said to be keen on Wolverhampton Wanderers wide-man Adama Traore.
Liverpool midfielder Fabinho is set to return to action at the weekend, as he has recovered from injury.
Ex-Everton defender Antonee Robinson is being linked with AC Milan.
Leeds United are said to be interested in signing Andre Gray from Watford.
Arsenal are reportedly considering signing Layvin Kurzawa.
Jordan Henderson has been a star performer for Liverpool and England during these past 12 months.
Liverpool hero Divock Origi reportedly turned down a move to Premier League high-flyers Wolverhampton Wanderers in 2018 but will Nuno ever get his man?
Tottenham Hotspur are reportedly keen on Porto striker Ze Luis.
Jose Mourinho's Tottenham Hotspur have completed the loan signing of Gedson Fernandes.
Tottenham Hotspur are said to be interested in Wylan Cyprien, who has impressed for Nice this season.