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It is reported that Michael Owen will be in talks with Hull City manager Phil Brown about a possible move to the Tigers sometime next week.
Brown told the Hull Daily Mail, "We'll speak to him within a week. I wouldn't sit down with him if I thought I was wasting my time."
Hull City Chairman Paul Duffen also stressed, "Michael's a consummate professional and is not going to talk to any club until his current contract with Newcastle expires on June 30, and therefore there's no active conversation."
Duffen added, "It's obviously a long shot because there'll be a number of other clubs lining up to turn his head in their direction as well, but it would be absolutely right to say we are very interested."
Brown also said, "I don't think Michael will go for the best financial offer. I don't think it's about that for him at this stage of his career. He'll want the best offer for his future.
"He needs to spend a high percentage of next season's games at the highest possible level, and that's where we can come in.
"There has been a lot of documentation about injuries and being unable to fulfil contracts because he can't get on the field of play.
"But as far as I'm concerned, with a good preseason under his belt, he's still a quality player."
It is rumoured that the Tigers would be offering in the region of £40,000 a week with £20,000 per game and £10,000 per goal.