Owen's contract set to run out next summer, the Stamford Bridge outfit hope they will be able to land their target on the cheap, although whether they will be keen to match his approximate £120,000-a-week salary is another question. Chelsea might face competition from North London rivals Spurs, also interested in Owen, who consider the Newcastle man a cheaper alternative to another of their reported targets, White Hart Lane old boy Jermain Defoe.
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