The draw for the fifth round of the Emirates FA Cup will take place on Monday 27 January.
Wednesday continued their progression in the competition by defeating Queens Park Rangers on Friday night in the capital.
Goals from Morgan Fox and Sam Winnall saw the Owls advance to the last 16.
The draw will be conducted by former England internationals and FA Cup winners Teddy Sheringham and Glen Johnson and broadcast in the UK on BBC One's The One Show, will begin at 7.19pm.
The official Emirates FA Cup Twitter account will also show the draw live.
Wednesday are ball number four;
1 Manchester United
2 Chelsea
3 Southampton or Tottenham Hotspur
4 Sheffield Wednesday
5 AFC Bournemouth or Arsenal
6 Northampton Town or Derby County
7 Leicester City
8 Sheffield United
9 Reading or Cardiff City
10 West Brom
11 Norwich City
12 Coventry City or Birmingham City
13 Manchester City
14 Newcastle United or Oxford United
15 Portsmouth
16 Shrewsbury Town or Liverpool