"I don't think I have lost the ability to score goals or play at a high level," Owen, who has endured a frustrating three years at United because of injury, told Sky Sports television on Thursday.
"I certainly feel as if I can still play at the top level so we will wait to see where that is. If it's not in the Premier League it may be further afield.
"I don't think the Championship would be an option, to be totally honest."
"The manager informed me after our testimonial match on Tuesday that the club would not be offering me a new contract," he wrote on his Twitter feed.
"I have loved every minute of the three years I have spent at such a fantastic club," added Owen, who was named European Footballer of the Year in 2001.
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