Chelsea are considering a shock move for Michael Owen in January, The Sun reports.
Boss Luiz Felipe Scolari has been told he has around £10 million to spend on new players.
The Blues value the Newcastle striker, who is out of contract next summer, at between £3m-5m.
Scolari is keen to recruit a top-class striker to cover for Didier Drogba and Nicolas Anelka.
His first choice was Sevilla striker Luís Fabiano but his price tag of £25 million has made that move impossible.
There is concern at Stamford Bridge about Owen’s injury record but they will monitor his fitness and form in the coming weeks before deciding on an offer.
Owen, who earns £108,000 a week at St James’ Park, is unlikely to be offered a similar salary at Chelsea.
Financial restructuring and worries over the number of matches he has played mean a smaller deal will be offered.
A weekly wage of £60,000 could then be topped up by a playing bonus to £100,000.
Chelsea may face competition from Tottenham, who are also on the look-out for a striker.
Boss Harry Redknapp knows a move for Owen would be cheaper than signing Jermain Defoe, who is valued at £12m by Portsmouth.
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Boss Luiz Felipe Scolari has been told he has around £10 million to spend on new players.
The Blues value the Newcastle striker, who is out of contract next summer, at between £3m-5m.
Scolari is keen to recruit a top-class striker to cover for Didier Drogba and Nicolas Anelka.
His first choice was Sevilla striker Luís Fabiano but his price tag of £25 million has made that move impossible.
There is concern at Stamford Bridge about Owen’s injury record but they will monitor his fitness and form in the coming weeks before deciding on an offer.
Owen, who earns £108,000 a week at St James’ Park, is unlikely to be offered a similar salary at Chelsea.
Financial restructuring and worries over the number of matches he has played mean a smaller deal will be offered.
A weekly wage of £60,000 could then be topped up by a playing bonus to £100,000.
Chelsea may face competition from Tottenham, who are also on the look-out for a striker.
Boss Harry Redknapp knows a move for Owen would be cheaper than signing Jermain Defoe, who is valued at £12m by Portsmouth.
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