Midfielder Liam Palmer has signed a new two and a half year contract with Sheffield Wednesday.
The deal will see Palmer, who rose up through the academy ranks at Hillsborough, extend his stay at the club until the summer of 2015.
The 21-year-old has made 31 appearances for the Owls in total, scoring one goal, and has gained valuable first team experience this season on loan with League 1 leaders Tranmere.
Palmer will remain at Prenton Park until the rest of the current campaign, subject to paperwork.
The Worksop product has been an ever-present in Rovers’ League 1 campaign with 26 appearances so far.
He said: “It’s been a great learning curve for me personally and it feels like I’ve come a long way since starting out at the Wednesday academy.
“It goes to show it’s there for the taking if you want it and work hard enough for it.
“I definitely see my long term future at Sheffield Wednesday but I’m really looking forward to helping Tranmere in their push for promotion.”