The 30-year-old is fourth on the all-time England scoring list with 40 goals from 89 appearances and had notched nine this season as he tried to impress Fabio Capello enough to take him to the World Cup this summer.
However, he has been ruled out for the rest of the season with a hamstring injury, prompting reports that he would quit international football - but England Under-21 boss Stuart Pearce insists Owen still has it all to play for.
Not fit to wear the shirt: But Michael Owen is still on Fabio Capello's radar according to Stuart Pearce
End of the dream: The injured Owen is replaced by Wayne Rooney in the Carling Cup Final
Pearce, who is also one of Capello's assistants, said: 'It's wrong to say Michael's international career is over and that Fabio doesn't like him.
'He picks the squad on merit and the door is still open for Michael.'
Last month Capello told Owen he was not out of his World Cup plans but warned that a season on the Old Trafford bench was not helping his cause.
'He is one of the best English goalscorers of all-time but if he doesn't play, I cannot pick him,' added Capello.
Owen needs nine goals to equal Bobby Charlton's England record.
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