Newcastle United striker Michael Owen will make a decision on a new contract offer at the end of the current season.

That means that the England international will remain at St James' Park until the end of the 2008/2009 term and may stay with the Magpies after that.

"Following speculation about my future at Newcastle United, I have decided today to make it clear that I am committed to the club until at least the end of this season, and I have informed them I do not want to make a decision about my future until that time," Owen said.

"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.

"I have no intention of leaving Newcastle United during the January transfer window and want to assure the fans that under Joe Kinnear's passionate management, I am committed with the rest of the players to ensure that the club ends the season on a high."