Out of contact Owusu was targeted by Oldham Athletic and Crystal Palace, but instead signed to Championship side Sheffield Wednesday on a three-year deal. Lloyd became an instant Wednesday hero when after sixty seconds into his debut as a substitute in a fierce derby match against Sheffield United, he placed a header past "Blades" keeper Paddy Kenny for the opening goal of a 2–0 win. However, he did not really break into the first team, starting the majority of his 33 appearances from the bench in the 2002–03 season, finishing the season with a disappointing total of four goals.