Owen had been linked with a return to Anfield as they are short on strikers.
But the Liverpool coach has said he will now not make a move for their former prodigy.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?