Prior to the start of the pre-season schedule the club announced that eleven players had been released after reaching the end of their contracts.

This was followed by a goalless draw at the Macron Stadium against lowly Bolton Wanderers and The Owls' second league victory of the season - a 3–2 win against Fulham at Hillsborough, in which star signing Fernando Forestieri scored his first goal since moving from Watford, a simple close range finish on 5 minutes.

A few days later Sheffield Wednesday progressed into the fourth round of the Capital One Cup with a 1–0 win against Newcastle United with Lewis McGugan scoring the game's only goal in a shock result.

The following game saw Sheffield Wednesday win 2–1 against local rivals Rotherham United at the New York Stadium thanks to a goal each from Fernando Forestieri and Lucas João respectively.

After an international break Wednesday beat local rivals Huddersfield Town 3–1 with Kieran Lee scoring along with a Lucas João brace after Sean Scannell's opener for the Terriers.

February's first league match saw The Owls maintain their unbeaten run in the Championship with a 1–1 draw at home to Burnley - with Kieran Lee getting the equalising goal to earn a point for Sheffield Wednesday.

At Deepdale, Sheffield Wednesday lost ground on the Automatic Promotion places with a 1–0 turnover to Preston North End.

On the following Tuesday, Atdhe Nuhiu scored a header and missed a penalty in a home draw to Queens Park Rangers.

A midweek 0–0 draw away to Brighton & Hove Albion was followed by a 3–0 win away to Nottingham Forest - keeping The Owls in the promotion play-off places.

This was followed by a 4–1 loss at Bristol City and three consecutive draws against Ipswich Town and Milton Keynes Dons at home and Derby County away.

A 3–0 victory over Cardiff City in the final home game of the season secured a promotion play-offs place for The Owls - with a brace from Gary Hooper (his first goals since the 3–0 victory over Nottingham Forest in March) and an own goal from Lee Peltier enough to secure all three points and sixth place for The Owls.

The result between Brighton and Derby on 2 May 2016 meant that Wednesday could not finish any higher than 6th on their final league game of the season against Wolverhampton Wanderers.

After a 2–1 victory over Fulham at home The Owls were drawn away against Shrewsbury Town - a match that the Wednesday lost 3–2 after 95th minute winning goal.

In the final, Wednesday lost 1–0 to Hull City who went straight back up to the Premier League after being relegated the previous season.