However, the 29-year-old has ended speculation that he could leave Tyneside in January by committing himself to the club until the end of his current contract.

In a statement released on his behalf last night, Owen also confirmed he had indicated he is willing to take a pay cut if he decides his future lies with the Magpies.

Owen said: “I have decided to make it clear that I am committed to the club until at least the end of this season, and I do not want to make a decision about my future until that time.

“I hope this will be seen as a positive step and not seen as being disloyal in any way.

“I am happy here and enjoy the challenge. It is simply a matter of seriously thinking about my future as I was 29 last week and my next career decision is a crucial one.

“My decision is not about money. I told the club some months ago that I would accept a reduction in my wages.”

Kinnear responded to Owen’s comments in positive fashion, insisting he believes there is still a long-term future for him on Tyneside.

“Michael told me in person about his decision and I fully understand where he is coming from,” he said.

“We have a great relationship as captain and manager and that will certainly continue.

“He is focused on scoring goals for Newcastle United and helping us keep progressing this season.

“Michael will consider his options in the summer but I am still optimistic.”