Manchester United are supposedly set to 'test the water' with an offer of Alan Smith (who interests Allardyce) plus £4m. And that is something Big Sam can put in his pipe and smoke, because the most he will get for Owen under his current 'dodgy' contract is £9m.
Owen has still not said a word about staying, and with Atletico Madrid striker Fernando Torres's wage demands (it will cost Liverpool £58million) rumour is the Reds are set to tempt Owen back home.
They claim the Spain international has asked for a six-year contract worth £31.2million to move to Anfield - and that comes on top of the £27million fee the Reds are expected to pay Atletico.
It is all quiet on the north-eastern front, but let's see what happens when Manchester Utd, Liverpool or Arsenal come out of hiding.