Owen has featured primarily for the Canaries’ under-18 side, making five appearances in the Premier League’s youth competition this season.
He played 11 times last term, and has already set his sights on a place in the club’s under-21 setup.
He told official club channels of the new deal: “I feel privileged. I feel grateful for the opportunity that Norwich City has provided for me.
“It’s a special feeling (to play for Norwich). It’s always a privilege to play for a club like this and I’m so grateful and happy to be here.
“I’m a left-sided full-back and I like to attack a lot, as well as defending. I think my pace and my crossing are my main attributes and I help the team with that.
“In the Norwich [first-team] squad, I like the way Dimitris Giannoulis plays. I love the way he carries the ball, the way he defends and attacks, it’s what I aspire to be.
“It’s full-time football now, and that’s what the aim was. I’d love to break into the Under-21s, that’s the next goal for me, and to be the best player I can possibly be.”
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