Olympiakos have dismissed speculation that they are in talks with striker Michael Owen over a proposed move to Greece.
The 29-year-old's contract with Newcastle is due to expire on Wednesday and he has made it clear that he will be leaving the club following four unsuccessful years at St James' Park.
Owen's management company, Wasserman Media Group, has circulated a brochure to prospective buyers both at home and abroad, with Premier League rivals Hull City and Stoke City both demonstrating an interest.
Olympiakos, along with Roma, has been rumoured as a potential European destination for the former Liverpool and Real Madrid star, while other conjecture has suggested possible switches to the United States of America or Japan.
But the Greek champions, who recently completed the permanent signing of Matt Derbyshire from Blackburn following an initial loan move, have dismissed the speculation.
An Olympiakos spokesperson told skysports.com: "This story is far from the truth.
"No contact has been made with Michael Owen or his agents and we do not intend to have any contact.
"Michael Owen is not one of our targets. We already bought the player we wanted from England and his name is Matt Derbyshire."