The 32-year-old struggled to earn a regular first-team slot at Old Trafford in the wake of injuries and competition from the likes of Wayne Rooney and Danny Welbeck for a starting berth but expects to have found a new side by the time that the transfer window shuts.
"I have been in contact with quite a few teams and I definitely expect to be donning a new shirt quite soon," he told Sky Sports.
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"I've said before I'd prefer that to be in the Premier League and that remains the case.
"Different things will form the basis of making the right choice: Location - it would be great if I could stay at home but if not then so be it - the quality of the team, the manager ... everything, really, so hopefully I shall pick the right one."
Tony Pulis is keen on bringing the former England poacher to Stoke City but Owen suggests that the lack of a move so far is only natural considering the upheaval that most sides face in the summer."As with a lot of these situations, transfer windows and things like that, a lot of things happen later on in the window when people are refreshing their squads and things like that," he observed.