Owen confirmed yesterday he will be leaving Newcastle at the end of his contract with the former England striker available on a free transfer.

He is expected to command considerable interest from the Premier League and abroad but Brown believes the Tigers can pull off a notable coup by snapping up the 29-year-old former Liverpool and Real Madrid star.

"We will be speaking to Michael's representatives within the week," Brown told the Hull Daily Mail.

"I would think he would have a number of offers and we'll have to be competitive.

"But I wouldn't sit down with him if I thought I was wasting my time. Anything is possible in football."

Owen claimed yesterday the link with Hull was a "new one" to him when asked about the possibility of moving to the KC Stadium.

But Brown is adamant the lure of first-team football could tempt Owen to Humberside.

He added: "I don't think Michael will go for the best financial offer, I don't think it's about that for him at this stage of his career, he'll want the best offer for his future.

"He needs to spend a high percentage of next season's games at the highest possible level and that's where we can come in."

Brown acknowledged a player with Owen's record would not come cheap, adding on talkSPORT: "Breaking the bank is not a term the chairman would be keen on. But he's certainly someone that you would push the boat out for. He's a world-class international footballer.

"There's been a lot of documentation about injuries and being unable to fulfil contracts because he can't get on the field of play.

"But as far as I'm concerned, with a good pre-season under his belt, he's still a quality player and if I could sit around the table with Michael Owen I would be interested in doing that.

"It would be exciting to get someone through the door that could possibly score you 15 or 20 goals a season. That would be a fantastic achievement."