Toon old boy Craig Bellamy is still involved - he was in the starting line-up at Reading on Saturday - but Liverpool seem set to let Aston Villa and Blackburn set the price as he looks likely to leave.
As for Owen, they obviously won't make a move until the striker is fully fit, having suffered a career-threatening injury in the World Cup. Newcastle manager Glenn Roeder believes Owen's knee injury would have ended his career a few years ago.