Owen joined Newcastle from Real Madrid in August 2005
Stoke City chairman Peter Coates has said that the Potters will contact Michael Owen's representatives in a bid to sign the England striker.
Owen will be available on a free transfer at the end of June when his contract with Newcastle expires.
Coates told BBC Radio Stoke: "It's a phone call Tony [Pulis, Stoke manager] will make in due course. I've no doubt he's given it some thought.
"Owen is a very fine player and he'll be looking to see what's available."
Owen, who joined the Magpies for £16m from Real Madrid in August 2005, is thought to be earning over £100,000 a week at St James' Park and Coates acknowledged that his wage demands may be a sticking point.
You never say never in football, so of course I'd be interested in throwing my hat into the ring if it was ever viable
"That could become a problem we can't meet, but you can offset these things by not paying a transfer fee," said the City chairman.
Pulis, who guided Stoke to a 12th-placed finish in their first season in the Premier League, also said that he would be interested in bringing Owen to the Potteries.
"You never say never in football, so of course I'd be interested in throwing my hat into the ring if it was ever viable," he told The Sentinel newspaper.
"I'm not sure whether Michael would want to come here right now, but that situation could always change.
"He would be a great signing for this football club, and rest assured the fans would treat him as one of their own."
The former Liverpool striker has started just 58 games in his four seasons with Newcastle, and Pulis is well aware of his injury problems.
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