A distraction wedge inserting and removing device, the device having an outer member with a handle and a shaft extending therefrom, the shaft having at least one collet formed between a pair of slots extending from a distal end of the shaft toward the handle, the at least one collet having a cammed surface on the interior surface thereof. The device also having an inner member with a roller and a rod extending therefrom from a proximal end of the inner member to a head at a distal end of the inner member, the rod being configured to interact with the handle to advance the rod within the outer member toward the distal end of the outer member, whereby the head interferes with the cammed surface of the at least one collet to move the at least one collet outwardly in a radial direction to secure a distraction wedge.