Bookmakers have slashed the odds of Michael Owen joining Manchester United. Sky Bet have switch from 20-1 to 7-4, after United missed out on the signing of Karim Benzema from Olympique Lyonnais.

"With Real Madrid hoovering up several high profile targets, United are running out of options to fill the void left by the departure of Ronaldo and Tevez and Owen is a cheap option," Sky Bet's Mike Triffitt told bettingzone.co.uk.

"We've had a steady stream of bets on free agent Owen joining United today. A move to United should suit Owen, who wants to get back into the England squad and will feel he has a better chance with a higher profile club."