Arguably the stand-out tie of the round of 16 is balanced on a night edge heading into tonight’s second leg in Germany.
Bayern held Liverpool to a goalless draw at Anfield three weeks ago, with the profligate Sadio Mane wasting the Merseyside giants’ best chances to take a lead to Munich.
Niko Kovac’s side have been in ominous form since the side’s first meeting, winning their last two games with an aggregate scoreline of 11-1 to overhaul Borussia Dortmund at the top of the Bundesliga table.
But Owen still believes that Liverpool have more than enough to bring Bayern’s resurgence to an end.
"Liverpool of course have conceded a couple of goals against Burnley, but in general they have been looking as solid as a rock at the back,” the Anfield legend said.
"It's feast or famine at the moment up front. They are either not scoring or scoring fours and fives, but we know there are goals in there and Bayern Munich are on a nice little run, too.
"They scored plenty of goals at the weekend [beating Wolsfburg 6-0] but it's not the best Bayern team I've ever seen. They aren't streaking clear at the top of the Bundesliga, so I'm pretty confident."
Bayern have looked back to their best recently but Owen has a point. This is not a vintage side like the one that conquered Europe under Jupp Heynckes in 2013 or the one who dominated the German football landscape during the reign of Pep Guardiola.
The likes of Thomas Muller, Jerome Boateng and Mats Hummells, who were all dropped indefinitely from the Germany squad last week are past their best, while Arjen Robben, Franck Ribery and co are well into their thirties.
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