Having narrowly missed out on a UEFA Cup place in 1996–97, the club record £5.7 million signing of Italian striker Paolo Di Canio from Celtic gave Owls fans hopes of another challenge for Europe. But it was not to be, and by the time they lost 6–1 to Manchester United in November, relegation was looking a real possibility. Manager David Pleat was swiftly sacked, and Ron Atkinson – manager of the 1991 promotion and League Cup winning side – returned to the manager's seat on a short-term contract. He achieved safety in 16th place, and was disappointed on being told that his contract would not be renewed. He was succeeded by Danny Wilson, a former Owls player who played for them in the early, more successful part of the decade.
Updated to games played on 10 May 1998.
Source: Premier League
Rules for classification: 1) points; 2) goal difference; 3) number of goals scored 1 Chelsea qualified for the Cup Winners' Cup as defending champions and were the League Cup winners. 2 As Arsenal qualified for the Champions League, their Cup Winners' Cup place as FA Cup winners defaulted to Newcastle United, the losing finalists. 3 Despite being relegated, Crystal Palace qualified for the 1998 Intertoto Cup. (C) = Champion; (R) = Relegated; (P) = Promoted; (E) = Eliminated; (O) = Play-off winner; (A) = Advances to a further round.
Only applicable when the season is not finished: (Q) = Qualified to the phase of tournament indicated; (TQ) = Qualified to tournament, but not yet to the particular phase indicated; (RQ) = Qualified to the relegation tournament indicated; (DQ) = Disqualified from tournament.
Dickinson, Jason (1999). One Hundred Years at Hillsborough. Sheffield: The Hallamshire Press/Sheffield Wednesday Football Club. pp. 244–245, 386. ISBN978-1-874718-29-1.
Dickinson, Jason; Brodie, John (2005). The Wednesday Boys: A Definitive Who's Who of Sheffield Wednesday Football Club 1880–2005. Sheffield: Pickard Communication. pp. 346–347, 350. ISBN978-0-9547264-9-2.