The Reds legend wants to see the former Borussia Dortmund manager in charge.
Klopp and Ancelotti are believed to be the two front-runners for the vacant managerial position at Liverpool, with the former Borussia Dortmund and Real Madrid managers available after leaving their respective posts at the end of last season.
Owen – who scored 118 goals in 216 games for the Reds – thinks Klopp’s extra hunger would make him more effective than the illustrious Italian.
“If indeed these are the two main men (Carlo Ancelotti and Jurgen Klopp) I would think that Klopp is the better fit for Liverpool at this time," he wrote on sportlobster.com.
"I think that a younger and potentially hungrier manager in Jurgen Klopp would be the best fit for Liverpool in their current predicament.
“His appointment would certainly excite the Liverpool fans who had become so disillusioned with Rodgers and in this day and age their part in the whole process cannot be over-estimated. He would also bring a burning desire to succeed and to take the club from their true position of 'top six' to right back in the mix for winning the title and where finishing top four is a given every season.”
The German was lauded for the job he did at Dortmund – beating Bayern Munich to two Bundesliga titles and reaching the Champions League final in 2013 – but has suffered a slight fall in his stock at the way his tenure ended.
Dortmund finished 7th last season after a disappointing campaign and Klopp parted ways with the intention of taking a sabbatical, but could soon return to the main stage.
Owen outlined Klopp’s track record of getting the best out of promising but unproven players as another attribute that gives him the edge over Ancelotti.
“The other big advantage that Klopp has over Ancelotti is that whereas Ancelotti has generally managed at clubs who were already very successful with a squad full of top players, Klopp took over at Borussia Dortmund when they were in a similar position to that which Liverpool find themselves in now.”
Owen’s wish looks set to come true with BBC Sport reporting that a deal to bring Klopp to Anfield could be struck as early as Friday.