Owen has announced that United will not be offering him a new contract when his current deal expires this summer.
That might have led to speculation that the 32-year-old could quit the game after three injury-ravaged years at Old Trafford but he intends to play on, and told Sky Sports News: "At 32, I definitely owe it to myself to have two or three years and play a bit more - but for somebody else."
The former Liverpool prodigy joined United on a free transfer from Newcastle in 2009 but was unable to reignite his once glittering career due to a succession of injuries. He made just four appearances in the season just ended and has not played competitively since November due to a thigh injury.
Yet having seen Paul Scholes and Ryan Giggs continue to perform for United at the ages of 37 and 38 respectively, he feels compelled to play on.
He said: "I am only 32. I might look a bit older than that but looking at the likes of Scholesy and Giggsy, it doesn't half fill you with a lot of motivation and confidence. They are playing into their mid-to-late thirties and I still feel as if I am reasonably young.
"When I wake up my body feels good even though I have had a few injuries."
Owen insists he only wants to play on at top-flight level, whether at home or abroad.
He said: "I don't think the Championship would be an option if I am totally honest. I don't feel I have lost the ability to score goals or play at a high level. I have been playing and training with top players all my life and that was one of the attractions in going to Man Utd.
"We will wait to see where that is. If it is not the Premier League then I may look farther afield."
Source: PA
Source: PA