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Keillor-Dunn returns to the club where he became a fans' favourite after a prolific spell in blue, white and amber, and Adams has been delighted to watch his former colleague continue his rise.
The Latics coach remains in regular contact with the Sheffield Wednesday forward and believes the 29-year-old's development is reward for the work he has put into improving all aspects of his game.
"Davis is still a good friend of mine and we speak regularly," said Adams.
"He's someone I have a lot of time for and anytime he wanted any advice I always wanted to help him as I could see the potential he had as a player.
"That's something I enjoy doing now as a coach is helping younger players and keep trying to improve them.
"He was always a very good finisher, even though he missed quite a few tap-ins I set up for him.
"He just needed to keep learning other sides to his game which he's gone on to do and it's so pleasing to see him doing really well."
While there will be familiar faces on the opposite side, Adams insists the focus is firmly on ensuring Oldham make the most of a glamour cup occasion against League One opposition.
Boundary Park is expected to be packed for the visit of the Owls and Adams believes the tie is one both players and supporters will savour.
"It will be great to see him on Sunday in what will be a fantastic game for the football club and supporters," he added.
"It's a tie the players will really relish after Tuesday's very good win and the gaffer will make sure everyone is bang up for it as he always does."