Pulis is keen to sign the 32-year-old striker on a pay-as-you-play deal.
“I would love to sign Michael,” he told The Sentinel.
“If we can do it, we will do it, and do it on the basis that we did with Jonathan Woodgate and players like that.
“If he’s in the team he will get paid, and if he isn’t he won’t get paid so much.”
Owen is available as a free agent after his release from Manchester United at the end of last season.
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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?