"Would me taking over at Wednesday be a possibility? Of course it's a possibility, why not?" told Warnock in the Evening Standard. "A job's a job and if you need a job you need a job."
Warnock's current club Palace are in dire financial difficulty and Warnock - along with the players - have had the payment of their wages delayed several times this season.
Warnock shares a hate-fuelled relationship with Owls fans because of his long association with the Blades.
Next Permanent Sheff Weds Manager. Click here to bet.