The 30-year-old is currently out injured after rupturing his hamstring in the League Cup Final against Aston Villa in February.
And Owen, who has been plagued with injuries in recent years says his spell on the sidelines has given him a taste of football management.
The former Liverpool and Real Madrid ace took his coaching badges when he was injured a few years ago during his spell at Newcastle United.
And Owen said he would be willing to coach lower down in the football ladder to help him learn the ropes of management.
"If you'd asked me about becoming a manager two years ago, I'd have said no but now there's about an 80 per cent chance of me trying to give it a go," Owen told the Sunday Mirror.
"I decided to take my coaching badges at Newcastle when I was 27 and injured, sitting in the standing watching games.
"That's when you start forming an opinion on what players do and which formations work. You look at football in a different way.
"I wouldn't rule out anything. When Chester were in the mire, I thought 'I'd love to help save them, get them up a few divisions'. Serving my apprenticeship, lower down, wouldn't scare me."