Owen admits he would seize his chance should Capello change his mind.
He told the Observer: "I was in every squad for over a decade and all of a sudden it stopped one day.
"I would never turn my back on it, but obviously there's a scar there that still hurts a bit. But I don't get upset now when I'm not in the squad, like I used to.
"If I got a call-up I'd be there within five minutes.
"Fabio Capello picked his first squad and I was on the bench. I thought: 'This might be a sign that he doesn't fancy me.' The next time I wasn't in the squad, and that's just been that."