"For me, Michael Owen has learnt so much, and would definitely be number one in my eyes of all the strikers in Europe," said the Reds forward coach.
"I would put him up there in front of the likes of Raul and van Nistelrooy. He was the European Footballer of the Year, and he has done all that with Liverpool. If he stays here and manages to stay free from injury, then I can't see how he won't surpass every goalscoring record at this club.
"I'm proud of the records I hold, but I'd be even more pleased to see Michael go on and break them. He's already equalled my European record, so no doubt he will smash that this season, and he's already gone through the 100-goal barrier in the league.
"No doubt there are, long term, more waiting to be smashed. The good thing is, he'll have them firmly in his sights and will want to beat them - that's because he is a winner.
"Michael is still so young, but you can see him breaking all the records here, because he is so hungry and because he's always willing to listen and learn.
"He is frightening. He has progressed so far under the manager here, and I think he will continue to get better if he stays at Anfield. He's always willing to work hard at his game. In training he is so focused."