The Staffordshire outfit completed the signing of the former England star, a free agent after his release over the summer by Manchester United, last week on a one-year deal.
The 32-year-old has had a catalogue of injury problems during his career and only played four times in 2011-12, with his last first-team appearance for United coming in November.
Owen is keen to make his return to action as soon as possible and says he is in good enough condition to do so, although the decision about Saturday's match lies with boss Tony Pulis.
Speaking at a press conference where he was officially unveiled to the media, Owen said: "I'm not sure what the manager has got in store. I feel as if I am fit enough to take part in a game. I'm not quite 100 per cent confident or happy in my general touch and different bits and bobs, but that will come. So we'll see what the manager has got in mind, but I'd like to think I'll improve as the weeks go on."
Pulis added: "From what the lads say, he has come back a lot fitter than what we thought he would. He needs a lot more work with the ball and being in small-sided games for his sharpness but we are pleased with the way he has come back."
The last time Owen played against Manchester City in a Premier League game he scored in injury time to seal a thrilling 4-3 win for United in a memorable derby at Old Trafford back in September 2009.