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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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
Who of Europe’s top strikers will move to England this summer?