Night Owl is the third track on Eric Leeds' first album Times Squared. It was written and performed by Prince, Eric Leeds, Levi Seacer, Jr. and Sheila E..
Basic tracking (as an untitled instrumental) took place on 30 July 1987, at Paisley Park Studios in Chanhassen, Minnesota (the day after The Sex Of It, during the same one-day session that produced Eleven, Fifteen, Ten, Ten And ½, and two other instrumentals later named Overnight, Every Night and Andorra, and the day before Twelve and another instrumental later named Kenya).
In August and September 1989, Prince asked Eric Leeds to compile tracks from the vault for a third Madhouse album. This track was one of ten selected, and in keeping with previous Madhouse releases tracks were given tentative numerical titles of 17 to 26 (the album would be titled 26) - this track was given the title of 18 as the second track on the album at the time.
When Prince suggested the album should be released as a solo album by Eric Leeds, Leeds came up with titles for each track, in Spring 1990; this track became known as Night Owl and the album became known as Times Squared.