Sheffield Wednesday January transfers and net spend: Every confirmed signing and sale for Henrik Pedersen's side in 2026 winter window

Following the departure of owner Dejphon Chansiri, Sheffield Wednesday have been hit with multiple points deductions for charges relating to the club’s failure to pay players on time, as well as other non-payments to staff and HMRC.

In November, the Owls were given special permission to sign players despite being in administration and under a league-imposed transfer embargo. The club brought in Nathan Redmond and Liam Cooper on free transfers, but will be unable to sign players for a fee in this upcoming January transfer window. 

Indeed, despite continued departures from Hillsborough, any further additions by Henrik Pedersen's side seemingly relied on case-by-case EFL approval, with QPR goalkeeper Murphy Cooper getting the green light to join on loan after another injury to first-choice stopper Pierce Charles.

The Owls have also been able to add midfielder Jaden Heskey from Manchester City, likely due to the increasing exits and injury issues faced, leaving them with a threadbare squad.

A busy deadline day also saw several arrivals and departures at Hillsborough, with Pedersen's men making further crucial reinforcements in the loan and free markets.

Here, Sports Mole rounds up all of Sheffield Wednesday's confirmed ins and outs during the 2026 January transfer window, as well as looking at their net spend and latest transfer rumours.

Sheffield Wednesday confirmed transfers in: January 2026

Murphy Cooper (GK | Loan from Queens Park Rangers)

Jaden Heskey (CM | Loan from Manchester City)

Jerry Yates (CF | Loan from Luton Town)

Tayo Adaramola (LB | Loan from Crystal Palace)

Joel Ndala (LW | Loan from Manchester City)

Marvelous Nakamba (CM | Free transfer from Luton Town)

Sheffield Wednesday confirmed transfers out: January 2026

Ethan Horvath (GK | End of loan to Cardiff City)

Killian Barrett (GK | Undisclosed to Barrow)

Yisa Alao (LB | Undisclosed to Chelsea)

Harry Amass (LB | End of loan to Manchester United)

Barry Bannan (CM | Undisclosed to Millwall)

Bailey Cadamarteri (CF | Undisclosed to Wrexham)

Yan Valery (RB | Loan to Young Boys)

Sheffield Wednesday net spend: January 2026

Sheffield Wednesday total spend January 2026: £0m

Sheffield Wednesday total income January 2026: £0m

Sheffield Wednesday net spend January 2026: £0m

Latest Sheffield Wednesday transfer rumours for January 2026

In

None

Out

© Imago / PPAUK

Barry Bannan (Millwall)

Svante Ingelsson (Portsmouth)

You can find a complete list of the latest Sheffield Wednesday transfer rumours by clicking here

When does the 2026 January transfer window open and close?

The January transfer window opened on Thursday, January 1 for all English and Scottish clubs, and will run through to the first weekday of February.

This means that deadline day for the 2026 January transfer window falls on Monday, February 2, with the window closing at 7pm GMT.