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.

Stevie Gerrard is staying at liverpool cos he still believes we can compete at the highest level NOT because its LFC ......IF we underperform next season to the level we have this then SG will not be at LFC at the end of next season and who would blame him ? 