The Foxes have been in sensational form this season, surprising everyone to compete at the top end of the table for the majority of the campaign.
After a brief stumble they have returned to that form once again, with Tuesday’s 2-0 win over Liverpool taking them three points clear of Manchester City in second place.
Crucially though, they are 10 points ahead of Manchester United in fifth, and Owen has backed them to secure a Champions League place come the end of the season.
“They’re not going to be in Europe, so they’ll have fewer games than everyone else who is competing,” he told premierleague.com.
“They’ve also got a manager that’s been there, seen it and done it, he’s very experienced in the game and he’s very cool and calculated.”
“And of course their players as well, if Vardy could keep scoring then they’re three very good reasons why Leicester should be able to hold down a Champions League place.”
If Claudio Ranieri’s side are to finish in the top four this season, which looks a distinct possibility, there is no denying they will be relying on Riyad Mahrez and Jamie Vardy.
The latter has scored the goals they need to get them where they are now, with him currently topping the goalscoring charts, while Mahrez has been the creative force in their midfield throughout.
They will need those two to continue that fine form in the second half of the campaign and all indications so far suggest they will do just that.