Carlos Carvalhal has extended his stay as head coach at Hillsborough.
The former Sporting Lisbon and Besiktas coach joined Wednesday in the summer of 2015 and oversaw a superb maiden campaign with Wednesday, which culminated in a place in the Championship play-off final at Wembley.
The Owls were the surprise package of the 2015/16 season, rising from mid-table in the previous term, to strong promotion contenders.
Wednesday secured sixth spot ahead of the final game of the season away at Wolves, before defeating Brighton over two legs in the semi finals – which brought about scenes that will never be forgotten at Hillsborough.
Although the club fell at the final hurdle in the Wembley showpiece final, under Carvalhal Wednesday went again in what was without doubt a much tougher 2016/17 challenge.
With expectations high and the competition even stronger, the Owls more than stabilised their position as one of the strongest sides at the Championship table, amassing more points and finishing two places higher in the division.
In a remarkable finish to the season, with teams battling for a top six spot, Wednesday produced their hottest winning streak in over 24 years by posting six consecutive wins in April.
The Owls rose to fourth in the division and Carlos was named as the Sky Bet Championship Manager of the Month.
There was nothing to separate the Owls and Huddersfield in the play-off semi finals as Wednesday were agonisingly defeated on penalties to deny them a second successive attempt at promotion via the Wembley play-off final.
Carlos and his backroom staff – who have also extended their S6 contracts - will regroup for the 2017/18 campaign which begins with pre-season in July.