The 32-year-old is a free agent and is not bound by the restrictions of deadline day.
The former Liverpool and Manchester United striker has been strongly linked with the likes of Stoke and Everton.
Owen posted on his Twitter account: “Nothing to confirm just yet, will be an interesting few days now that the transfer window is closed.”
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.