"We have been opening contract negotiations, there have been a couple of meetings so far but it will take time."
He then highlighted a worrying pattern in his previous seasons.
"It is certainly not the ideal build-up.
In the successful seasons in my career I have always had a good preseason, and when not I have struggled a bit."
With regards to his fitness, manager Kevin Keegan is hoping Owen will be fit to face Manchester United on August 17th - Newcastle's first match of the season.
He said:
"Michael will want to play and maybe have half a match (friendly), but I've told him I won't risk him. He'll be fit for Manchester United as long as he doesn't have any setbacks.
He's just started running again and done a lot of strength work. He's a very fit boy.
We must get some football into him again now but we can do that internally without throwing him into a game five days after his comeback."
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