The England international joined Newcastle back in 2005 from La Liga giants Real Madrid and has thus far struggle to regain the kind of form he had be shown earlier in his career whilst at Liverpool for several reasons, including injury.
Owen, 28, came to St James' for a fee of around £16 million and it has to be said that as of now he hasn't been worth every penny but he is starting to show some of his old form under Magpies boss Kevin Keegan.
Newcastle chairman, Chris Mort said : "I think all the players are enjoying playing under Kevin, you can see that in the way they play and I would imagine Michael's in that camp as well, he seems to be enjoying his game.
"He's got his contract this year and next year but it obviously makes sense to sit down with Michael and secure him for the long-term if we can.
"The first things we do is, again not talking about any players in particular, sit down with the manager and decide what the manager wants to do because he is the one who has to make the end decision on these things but I know that Kevin is very fond of Michael so I would hope we can sit down and do something."
What a difference a month makes at Newcastle. At the beginning of March many people were questioning wheter or not Keegan should of come back, and people were even starting to wonder if Newcastle would even stay up.They now ly just outside the top-half with Keegan saying that they can easily make up the gap on West Ham who currently ly in 10th in the Premier League. I am sure now with the right investment in the team next season and with players like Owen signing new contracts at the club Newcastle could easily challenge for UEFA next season.