The Owls have begun the season in a poor manner and they have yet to register a win in the ongoing campaign.
Xisco Munoz wants to introduce experience and depth in their midfield and is desperate to sign a midfielder before the end of the summer transfer window.
Newcastle United are keen on offloading Hayden this summer and Luton Town showed interest in taking him on loan.
However, due to a breakdown in negotiations between Newcastle and Luton, Hayden’s loan move collapsed.
Now the player is gaining significant interest from the Championship and Sheffield Wednesday and West Brom have enquired with Newcastle about taking the 26-year-old defensive midfielder on loan.
West Brom boss Carlos Corberan is an admirer of Hayden’s talents and believes that the Magpies star would be able boost his team’s midfield power.
Hayden has three years left on his Newcastle contract and it remains to be seen whether a move will materialise before the window ends.