Sporting Lisbon are looking to make around £60million from the sale of the 24-year-old, while Manchester United are rumoured to be willing to pay closer to £53m for the playmaker.
For Bruno Fernandes, the Portuguese worldwide had the season of his life after he broke the goalscoring record for a midfielder.
But according to Portuguese daily Record, no terms have been agreed between the player's agent and Manchester United.
He scored 32 goals in addition to 18 assists in 53 games in all competitions while playing for Sporting Lisbon last season.
Confident of donning the red of Manchester United.
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While a report from England claimed that United are now the outright favourites for Fernandes due to a lack of interest elsewhere, the latest from Portugal claims that the player's representatives are to travel to the UK for talks with three clubs.
As reported by Gazzetta dello Sport (via Sport Witness), Lazio midfielder and long-term United target Sergej Milinkovic-Savic has reemerged as an alternative midfield option for Ole Gunnar Solskjaer.
We are covering a rumor on Bruno Fernandes after quite some time now that there is a key update in the transfer saga. But, Correio de Manha suggest that the Premier League heavyweights are yet to present a formal bid for the Portuguese worldwide.
Fernandes has joined his teammates for pre-season training and is calm over the prospect of an impending exit, as per the report.
For this reason alone, a deal to bring Milinkovic-Savic looks increasingly likely and it is sure to become one of the main transfer sagas of this summer's window.