Perth Glory would be forced to pay about $400,000 to secure former England and Liverpool striker Michael Owen on a 10-game deal.
Glory have one international spot available in the squad after releasing Irish striker Billy Mehmet last week and are in negotiations with Owen's management, who _The West Australian _understands have set a price tag of about $40,000 a week.
A-League clubs are allowed to sign high-profile players on 10-game guest-player contracts.
Their wages are exempt from the salary cap.
Owen, who made his name with Liverpool before moving on to Real Madrid and Manchester United, would qualify under guest-player rules.
But it is unlikely cash-strapped Glory would be willing to part with that much money for the 33-year-old, who has struggled to find form and fitness since joining Premier League club Stoke City this season.
Owen has made just four league appearances, as a substitute, and started his first match in 14 months as Stoke drew 0-0 with Crystal Palace in their FA Cup encounter on Saturday. He lasted 53 minutes without a shot on goal before being substituted.
Negotiations between Glory and Owen's management will continue this week as the club weighs up the value of signing the striker.
Glory are operating under a limited capacity at nib Stadium as construction continues on a new grandstand.
Saturday's game against Sydney FC sold out but only 9817 fans could be at Italian superstar Alessandro Del Piero's first visit to Perth.
Glory were left disappointed after Danny Vukovic's late fumble led to another two points going begging at home in a 2-2 draw.
Striker Shane Smeltz found his goal-scoring touch with a classy brace, twice giving Glory the upper hand.
But Sydney found the perfect res- ponse both times, with goals from Jason Culina and Sebastian Ryall securing a point for the visitors.
Ryall pounced on a rare Vukovic error in the 82nd minute, finishing from close range after the goal-keeper had spilled what should have been a clean take from a free kick.
The result left Glory in danger of slipping out of the top six for the second time this season ahead of Friday's game against Adelaide United at Hindmarsh Stadium.
·Perth Glory missed the chance to reclaim top spot in the W-League when they drew 2-2 with Newcastle Jets at Intiga Stadium in Inglewood on Saturday.
Glory were without suspended forward Lisa De Vanna, who was banned for two matches after being found guilty of breaching the code of conduct with comments she made on social media.