The Hornets find themselves in the midst of an unprecedented scenario that has seen Oscar Garcia and Billy McKinlay both come and go since the surprise resignation of Giuseppe Sannino earlier in the season.
Despite the turmoil surrounding the club, matters on the field are going well for Watford at the moment, with the players impressing regardless of who is in charge.
They currently sit third in the Championship table, level on points with both Norwich City and Nottingham Forest above them with 21 points from 11 games.
Like many of the teams around them, though, there have been a few too many dropped points in recent weeks, with three draws in their last four matches.
Even so, the Hornets have now gone five games without losing and have only been beaten twice in the league all season.
Both of those defeats have come away from home, however, and their form on the road is an issue that Jokanovic will be looking to improve in the coming weeks.
Wednesday, meanwhile, are just two points short of the playoff positions themselves despite a run of three games without a victory in the league.
That form has threatened to unravel what was a fine start to the campaign from the Owls, and they will be looking to capitalise on the unrest around Watford to return to winning ways this weekend.
It has been very much a mixed bag for Stuart Gray's side at Hillsborough so far this season, with one win, one defeat and three draws from their five outings.
While the resoluteness of his side in only losing to high-flying Nottingham Forest in front of their own fans will please the manager, failure to turn those draws into victories will also be a slight worry.
That duo is expected to lead the line once more for the Owls, who could name an unchanged side to the one that drew 1-1 with Leeds United last time out.
Sheff Weds: DDLLWW
Possible starting lineups
Sheff Weds: Westwood; Palmer, Loovens, Lees, Mattock; Maguire, Lee, Semedo, Maghoma; May, Nuhiu
Watford: Gomes; Paredes, Cathcart, Angella, Ekstrand; Fabbrini, Abdi, Pudil, Tozser; Anya; Vydra
Sports Mole says: 2-2