Manchester United striker Michael Owen has signed a one-year contract extension with the Premier League champions, and will stay on till the summer of 2012.

Though he found opportunities hard to come by, Owen was delighted to extend his stay. The Englishman was on the bench against Barcelona in the Champions League, ahead of Dimitar Berbatov. Owen started just 15 of his 48 appearances this season, and despite being the fourth-choice striker, he claimed that he wanted to stay at the club last week.

The 31-year-old said in a statement in the club's website.

I'm delighted to have agreed a one-year extension to my contract. To play alongside so many great players, under an exceptional manager, and in front of so many incredibly passionate supporters, is a real inspiration. I can't wait for next season to start.

His manager Sir Alex Ferguson added, Michael has proved to be a top footballer. It's unfortunate Michael didn't get more opportunities but the form of Chicharito put everyone in the shade and his partnership with Rooney proved invaluable. I am delighted Michael is staying for a further year and we will look to give him more opportunities in the new season.