Reds boss Jurgen Klopp came close to breaking the club’s transfer record to land the 25-year-old, who signed from Roma for £34.3million.
Salah left Chelsea in 2016 following a loan spell with Fiorentina, and adds yet more speed to an already devastating Liverpool attack.
And Owen is confident the Egyptian is the right player to help the Reds compete in both the Premier League and in Europe this coming season.
“I think Salah is a really good signing, he didn’t quite nail it at Chelsea, but he was young at the time,” Owen tells MirrorFootball.
“He’s gone away, he had a good time at Roma, he’s got outstanding pace and if you’re an attacking player with loads of pace then you’re valuable.
“I think Liverpool are now looking like a team with a real potent attack.
“They needed to bolster the squad for Champions League football, a higher standard of games, so I think it’s important that they did that.”
But it’s not just Liverpool’s completed deals who have caught Owen’s eye.
The former England international is also a fan of the one player the club have been strongly linked with throughout the transfer window, who he believes could really revolutionize the team.
“They are on the cusp of signing [Naby] Keita, and that could be an amazing signing if that came off.”