Benitez is without a managerial job at the moment, having been sacked by Spanish giants Real Madrid in January of this year.
Owen, a former Liverpool and Madrid striker, has revealed that the Spaniard wants to return to management in England.
With McClaren's days numbered there are plenty of solid managers available and waiting to get back in. Pearson, Benitez and Moyes look favs.— michael owen (@themichaelowen) March 10, 2016
I spoke to Benitez a couple of weeks ago. He's desperate to get managing again and said The Premier League was his preference.— michael owen (@themichaelowen) March 10, 2016
According to BBC Sport, Newcastle will target Benitez if they sack head coach Steve McClaren.
McClaren has come under pressure due to the Magpies’ disappointing performances and results this season.
Newcastle are second from bottom in the Premier League table at the moment and are in real danger of going down to the Championship at the end of the season.
For Benitez, taking charge of Newcastle after Madrid would be quite a step-down, but since he is apparently so keen on returning to the Premier League, it would make sense for him to take the Magpies’ managerial job if it is offered to him.