I am afraid Owen will not be staying at the club unless as he has stated before there is a vast improvement in the team which is just not possible with houllier in charge.
If he does sign a new contract for whatever crazy money he is offered I think he will only sign it cuz he knows houllier is leaving in the summer I hope or maybe cuz it is easy money as he will win f##k all at Liverpool unless there is massive changes at the club.
He is not a Liverpool man through and through like Gerrard who I think only signed a new contract as he loves the club so much.
I would not be surprised to see him leave if houllier is here next season as he has been fed on scraps for the last 2 years.He is just another in a long line of players whos talents is being wasted by houllier.