Peacock-Farrell joined the Premier League side from Leeds United back in 2019 but has barely featured under Sean Dyche.
Are you happy with Peacock-Farrell?
He has been firmly behind England goalkeeper Nick Pope in the pecking order at Turf Moor, appearing in just eight games last season.
It meant Peacock-Farrell had little choice but to leave Burnley and Palmer is pleased Wednesday ended up being his destination.
“They needed to bring in a good goalkeeper for sure,” the ex-Wednesday player said. “This kid is an international, he played 28 times for Leeds when they got into the Championship play-offs in 2019, so I think it’s a great acquisition by the club.
“The right age, he’s got a presence about him and he’s very, very highly thought of.”
Indeed, with Keiren Westwood leaving Wednesday, the club needed to sign a new shot-stopper.
And Peacock-Farrell, an Northern Ireland international with Championship experience, looks like a bit of coup coming from a Premier League outfit.