During the 2011–12 season, Sheffield Wednesday F.C. will compete in League One, the FA Cup, the League Cup, and the Football League Trophy. It is their second consecutive season in the third tier of English football, and their 110th season in the Football League. At the end of the season they completed their aim of automatic promotion to the Football League Championship, after a remarkable season with so many twists and turns.

Pre-season for Sheffield Wednesday saw the introduction of many new players, as well as many leaving the club. With this being the first opportunity for manager Gary Megson to change the squad, having only joined Wednesday at the beginning of February and the club in the bottom half of the table, he felt that it was time to vastly change the squad, into a promotion contending team. His intentions were clear even before the pre-season started as the Owls confirmed new signings of David Prutton from recently relegated Swindon Town, and Rob Jones, who had played on loan at the later stages of the previous season. As well as arrivals, there were also many departures, including Richard Hinds whom had been released, striker Paul Heffernan on a free transfer to Kilmarnock, academy product Tommy Spurr on an undisclosed fee to Doncaster Rovers, and midfielder Darren Potter to Milton Keynes Dons. The first day of the new pre-season saw another departure with midfielder Gary Teale leaving on 1 July by mutual consent. Three days later the club signed defender Julian Bennett from Football League Championship side Nottingham Forest on a two-year deal. Sheffield Wednesday's pre-season matches kicked-off with a tour in Austria. Before their first match, the club featured more introductions and departures of players. Firstly, Jose Semedo joined the club on a free transfer from Charlton Athletic, in which he had won Charlton Athletic's player of the year the previous season. Defender Michael Morrison then departed the club for Charlton Athletic having only joined the Owls six months previously, this was for an undisclosed fee, rumoured to be for around £1.5million. Also, midfielder Tommy Miller moved across to the West of Yorkshire to Huddersfield Town on a free transfer. The first game the Owls played in their pre-season was against recently promoted Russian Premier League side FC Volga Nizhny Novgorod, the game ended in a goalless draw.

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