The former England international has stated on Twitter that he will not be offered a new contract and as a result will take some time off before deciding his next move.
The former England international has spent three years at the club and will be fondly remembered by United fans for his injury time winner in the 4-3 derby win over Manchester City in his first season.
"The manager informed me after our testimonial match on Tuesday that the club would not be offering me a new contract," Owen revealed on his Twitter account.
"I have loved every minute of the 3 years I have spent at such a fantastic club. I would like to thank the players, staff and fans for their support and wish them well for the future."
Owen went on to say that he'll take a break before deciding on what to do in the future.
"I now plan to have a short holiday during which I will contemplate my next move."Follow GOAL.COM USA on