Manchester United on the verge of signing Michael Owen

Sensational transfer news are out and it has been reported that Manchester United have agreed personal terms with Newcastle United striker Michael Owen over a possible move to Old Trafford..

Local newspapers have reported that the out-of-contract and ex-Newcastle striker will take a 50 per cent pay cut for a shock last chance to rescue his injury-plagued career.

It is believed that United boss Sir Alex Ferguson contacted Owen, 29, on Tuesday and offered him a £50,000 a week contract to join the champions. It is believed that Owen was also offered huge bonuses depending on appearances and goals.

But it is believed that Owen must first pass a stringent medical examination, which could take place as early as today, before United can put pen to paper.

A source close to Owen confirmed Michael Owen was contemplating a move to Hull and now Manchester United have come in.

He also added that it is just the boost Owen needed and now Owen is hoping that everything can be agreed with the English Champions