Owen’s United career has been plagued by a series of injuries and he has not featured since the end of October when he pulled up with a thigh strain in the Champions League win over Otelul Galati.
However, after fighting back to fitness and impressing during recent training sessions, the 32-year-old looks set to be given a chance in the starting XI. Ferguson takes his team to Blackburn Rovers on Monday evening looking to go five points clear of title rivals Manchester City.
The Scot told The Mail on Sunday: “Michael has been something of a forgotten man, which is a terrible shame because nobody deserves the kind of bad luck he's had this season.
“But he has been training really well and is almost back to complete fitness, which is good for him and the team. His return could not be better timed because he will provide us with valuable extra options up front.
“He is a top-class goalscorer as he has proved with vital contributions since he came to United. He is also a terrific professional, who prides himself on what he is capable of on the football field. It will be good to have him back.”