The former England international striker has backed Manchester United, Arsenal and Liverpool to make up the top four.
Owen, who played for United, Liverpool and Newcastle United among other clubs, has suggested that Tottenham Hotspur could break into the top four, while dismissing Chelsea’s chances altogether.
“Even with no team taking the league by the scruff of the neck, I think my pre-season fancies Chelsea now face an uphill struggle to get a Champions League spot, let alone retain their title,” the 35-year-old wrote on Colossusbets.com.
“If forced to name my top four as it stands – and I am being forced! – then I would go Man City, Man Utd, Arsenal and Liverpool.”
“But then you have to factor in Tottenham, who are probably the form team in the league at the moment,” added Owen.
“They only picked up three points in their opening four games in August but since then they have been the form side, unbeaten and numbering among their successes a 4-1 defeat of Man City.
“So while you can’t really call them dark horses for the title now, you’d certainly be a fool to dismiss them. So they are my fifth team in my top four!”
United, City and Arsenal are the top three candidates for the Premier League title this season.
City manager Manuel Pellegrini has the best squad in England, but Arsenal and United’s chances cannot be written off just yet.
Liverpool and Tottenham are likely to take the race for the prized fourth spot down to the final weekend of the season.