Stoke chairman Peter Coates has admitted his club would proceed cautiously before any formal offer for out of contract striker Michael Owen. The England international has an injury history and whilst the 29 year old would be a free transfer his personal terms are likely to be substantial.

Coates told Sky Sports News: "If I said to Tony, 'Would you like Michael Owen'? he would probably say 'Yes'.

"But equally, you have got to look at it in the round, haven't you? It isn't just Michael Owen, it's the impact it has on your squad, the impact it could have on your wage bill.

"There is always the worry with Michael, because of recent years, how often is he going to play? They are no good to you if they are not playing, and it is more painful than ever if you are having to pay them a lot of wages.

"A factor with Michael is there is no transfer fee, obviously, and that would be attractive for everybody.

"But you have got to look at the other things."