Owen refutes reports he is set to retire

Michael Owen's management team has moved to quash claims that the Newcastle United star is due to retire from professional soccer at the end of the season.

Reports in the British press had suggested that the 29-year-old may concentrate his efforts on becoming a full-time racehorse trainer and owner when his contract with the Magpies expires this summer.

However, the 89-time capped England international striker, who is the Three Lions' fourth all-time top-scorer with 40 goals, insists he will carry on playing beyond this campaign.

"Any suggestion or unfounded speculation that Michael Owen has any intention of quitting football is totally untrue and wrong," reads a statement from his management team Wasserman Media Group. "Michael remains as committed to his football career as he ever has been and is deeply and professionally offended that anyone should suggest otherwise.

"Michael Owen has instructed lawyers [Thursday] evening and will take action against any publication which he feels inaccurately or unfairly suggested he is quitting football and is damaging to his professional reputation."

Since arriving at St. James' Park from Spanish giants Real Madrid for around $24 million in 2005, the former Liverpool star has been plagued by injuries.

Despite being limited to 78 appearances for the Toon, Owen has still managed to score 30 goals. He has been linked with a summer move to Everton, the club he supported as a youngster.