Leicester are however under no pressure to sell the 26-year-old and are reportedly demanding a world-record fee for a defender, and Rodgers has revealed that the bids from interested clubs are still some way off the Foxes' valuation of their prized asset.
It is believed United are ready to pay in excess of £80m for the England global, which would eclipse the previous record of £75m paid by Liverpool for Virgil van Dijk from Southampton in January 2018.
"I've been in this situation a number of times and I've seen how it can affect players - absolutely naturally".
Maguire could become the second English defender to join United in the current transfer window following Aaron Wan-Bissaka's £50m move from Crystal Palace.
"I really have to add, because I have been in this situation a number of times where it can be very, very hard for players".
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There have been reports that Maguire has informed Leicester of his desire to leave and though Rodgers would not comment on those suggestions, he did admit he saw the appeal of the clubs linked with his player. If we lose him we'd have a number of targets we'd look at.
"But they are nowhere near to meeting the valuation of the club".
The centre-back was a target for former Man United manager, Jose Mourinho, last summer, but the club were put off by Leicester's valuation.
"He's a premium player - a top class centre half and he's going to be coveted and there's a price to pay for that quality".
Fernandes, who is valued at £70million, scored 32 goals and added 18 assists in all competitions last season and helped his country win the UEFA Nations League.