Carlos Carvalhal was hugely disappointed but optimistic for the future after the Owls’ 1-0 play-off final defeat against Hull, stressing the giant has woken up this season.
A curling long range strike from Mohammed Diame was enough to send the Tigers to the Premier League after a tight game at Wembley.
Carvalhal said: “Today we didn’t play as well as we have other times during the season.
“Hull deserved to win the game because they created chances and got a goal.
“At the start of the season we didn’t have a lot of time as a group, but we have beat our expectations.
“We have made a lot of progress in a short time and this season I think we have woken the giant.
The 40,000-strong Wednesdayites stayed after the final whistle to show their appreciation to the team after an exciting campaign.
And Carlos added: “You could see after the game, when the fans were still singing, that we all know we’ve had a good season.
“Hillsborough has been a dream for us this season, we only lose two games there all season.
“After what we achieved this season we all know that we can look forward to the future.
“I think this club will get more respect and that is a positive thing for Sheffield Wednesday.”