Manchester United boss Louis van Gaal has said that Darren Fletcher's proposed move to West Ham is off.
Hull boss Steve Bruce says his side's 3-0 defeat to Newcastle may have jeopardised his chances of strengthening his squad.
Coke was out of contract at Hillsborough this summer, but has now committed his future to the Championship club.
The 27-year-old joined the Owls from Motherwell in 2010 and has made 55 appearances, scoring five goals, while also enjoying loan spells at Bury and Swindon.
Eighteen of those outings came last season as Wednesday narrowly avoided the drop and Coke will be keen to become an integral part of manager Dave Jones' starting XI next term.