Owen's first-team playing time for the Potters since joining them in the summer has been restricted to four substitute appearances and then a start in last weekend's 0-0 FA Cup third-round draw at Crystal Palace, where he struggled to make an impact before being substituted in the 53rd minute.
Reports have linked the 33-year-old with a January transfer window switch to Perth Glory, whose coach Ian Ferguson has ruled out the prospect of a move but said the Australian outfit had been contacted by "an agent" to see if they were interested in Owen and that the matter was "discussed at a good level".
Tony Pulis: "Michael has got a contract until the end of the season and as far as I'm concerned, he has not come in and said he wants to change it.
"We haven't pulled Michael in and said we want to change that.
"So Michael will be part of the football club hopefully until the end of the season."
Source: Newcastle United Mad