Not surprisingly the Blues turned down the laughable bid.
Agent Steve Kutner told the News of the World: “It is very flattering for Frank to be wanted by a club as big as Real.
“But Frank has just had an incredible season at Chelsea and as long as they want him he will give everything to help them win more and more trophies.”
It is believed that Real were ready to up his wages from a reported £80,000-a-week to £90,000-a-week, while also offering him an image rights package.
The reported offer would also indicate that Owen is viewed as expendable at the Bernabeu, a fact that will not be lost on Jose Mourinho, who’s seeking a proven striker to beef up the Blues’ attacking options.
Despite a relatively unsuccessful couple of seasons, it seems Real are persevering with their galactico policy, a policy that sees them attempt to buy one or two of the world’s greatest players during the summer transfer window.
On this occasion, however, the Spanish giants found that prizing one of the world’s greatest midfielders from one of the world’s wealthiest football clubs is nigh-on impossible — thankfully.
But you can’t blame them for trying.