News of the World reports that United will make a move for the 27-year-old England star if he can show he is back to full fitness after his knee injury.
Owen has a £12 million release clause in his contract.
A well-placed United source told News of the World: “It is no secret that Sir Alex wants another striker and he is bound to be attracted by someone of Owen’s pedigree at such a competitive price. Naturally we would have to be certain he has recovered from his injury and that is why his return will be closely monitored.
“Ideally we want to see him in action for several games between now and the end of the season.”
