Greek outfit Olympiakos have rejected speculation that they are in talks with Newcastle striker Michael Owen . The Greek champions have recently completed the permanent signing of Matt Derbyshire from Blackburn.

An Olympiakos spokesperson told skysports.com: "This story is far from the truth.

"No contact has been made with Michael Owen or his agents and we do not intend to have any contact.

"Michael Owen is not one of our targets. We already bought the player we wanted from England and his name is Matt Derbyshire."