The 21-year-old is currently on loan at Tranmere Rovers and according to Sky Sports News, he will remain with the League One outfit until the end of the season.
It had been suggested that that Ronnie Moore was keen to sign the midfielder on a permanent basis, but Owls boss Dave Jones has already started contract discussions.
Palmer has made 24 appearances for Tranmere this season.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Sunderland | 15 | 9 | 4 | 2 | 25 | 11 | 14 | 31 |
| 2 | Sheffield UnitedSheff Utd | 15 | 10 | 3 | 2 | 19 | 7 | 12 | 31 |
| 3 | Leeds UnitedLeeds | 15 | 8 | 5 | 2 | 24 | 9 | 15 | 29 |
| 4 | Burnley | 15 | 7 | 6 | 2 | 18 | 6 | 12 | 27 |
| 5 | West Bromwich AlbionWest Brom | 15 | 6 | 7 | 2 | 16 | 9 | 7 | 25 |
| 6 | Watford | 15 | 8 | 1 | 6 | 23 | 22 | 1 | 25 |
| 7 | Middlesbrough | 15 | 7 | 3 | 5 | 23 | 17 | 6 | 24 |
| 8 | Millwall | 15 | 6 | 5 | 4 | 18 | 13 | 5 | 23 |
| 9 | Blackburn RoversBlackburn | 15 | 6 | 4 | 5 | 19 | 17 | 2 | 22 |
| 10 | Bristol City | 15 | 5 | 7 | 3 | 20 | 19 | 1 | 22 |
| 11 | Swansea CitySwansea | 15 | 5 | 4 | 6 | 11 | 10 | 1 | 19 |
| 12 | Derby CountyDerby | 15 | 5 | 4 | 6 | 19 | 19 | 0 | 19 |
| 13 | Stoke CityStoke | 15 | 5 | 4 | 6 | 18 | 19 | -1 | 19 |
| 14 | Norwich CityNorwich | 15 | 4 | 6 | 5 | 23 | 22 | 1 | 18 |
| 15 | Sheffield WednesdaySheff Weds | 15 | 5 | 3 | 7 | 17 | 25 | -8 | 18 |
| 16 | Oxford UnitedOxford Utd | 15 | 4 | 5 | 6 | 17 | 18 | -1 | 17 |
| 17 | Coventry CityCoventry | 15 | 4 | 4 | 7 | 20 | 21 | -1 | 16 |
| 18 | Plymouth ArgylePlymouth | 15 | 4 | 4 | 7 | 15 | 26 | -11 | 16 |
| 19 | Hull City | 15 | 3 | 6 | 6 | 16 | 20 | -4 | 15 |
| 20 | Preston North EndPreston | 15 | 3 | 6 | 6 | 15 | 23 | -8 | 15 |
| 21 | Luton TownLuton | 15 | 4 | 3 | 8 | 17 | 26 | -9 | 15 |
| 22 | Cardiff CityCardiff | 15 | 4 | 3 | 8 | 14 | 23 | -9 | 15 |
| 23 | Portsmouth | 15 | 2 | 6 | 7 | 16 | 28 | -12 | 12 |
| 24 | Queens Park RangersQPR | 15 | 1 | 7 | 7 | 12 | 25 | -13 | 10 |
| > Championship Full Table | |||||||||
