Owen extended his contract with "Man Utd" © EuroFootball.com

Michael Owen has signed a new one-year contract with the club.

The 31-year-old footballer was soon to become a free agent, but will represent the English champions for at least another season.

"I am very happy to stay for another year," the Englishman wrote on one of the social networking sites.

Last season, Owen was only the fourth striker of the team, often behind Wayne Rooney, Javier Hernandez, and Dimitar Berbatov.

In 17 matches, he scored five goals.