The 32-year-old has seen first-team opportunities limited at Old Trafford so far this campaign, with the former England international currently sidelined by a thigh injury picked up in the UEFA Champions League victory over Otelul Galati back in November.
Seagulls boss Gus Poyet is keen to bring Owen to the Amex Stadium to help in his side's Championship play-off push this year, and hopes the offer of regular first-team football will sway his decision.
Red Devils boss Sir Alex Ferguson would likely demand only a nominal fee for a fringe player who he signed on a free transfer from Newcastle United back in 2009.
Owen has started just 18 games for Manchester United, making 34 appearances from the bench, and scoring 17 goals.
But with Wayne Rooney, Danny Welbeck, Javier Hernandez and Dimitar Berbatov all ahead of Owen in the pecking order, regular action is going to be increasingly unlikely for the striker, even after he returns from injury.
Owen has always maintained he is not prepared to slip down the leagues, and says he still has plenty to offer Manchester United.