United would also consider entering an auction for Mbappe, with PSG open to offers from Premier League sides.
Spain goalkeeper David de Gea, signed a contract extension with United but the Old Trafford club backed out of the deal and have instead offered him a lower salary than they had originally.
Manager Erik Ten Hag’s uncertainty about De Gea is behind Manchester United’s U-turn over a new contract for the Spanish goalkeeper.
Porto’s need to raise money to meet Financial Fair Play regulations has seen them offer goalkeeper Diogo Costa to several suitors across the Premier League, with Chelsea and Manchester United among those contacted about the Portugal international.
Manchester United remains interested in signing Barcelona midfielder Frenkie de Jong with Bayern Munich also exploring the possibility of recruiting the Netherlands international.
Ajax wants £40m for attacking midfielder Kudus with United also thought to be interested in a deal.
Arsenal has submitted a third bid for West Ham and England midfielder Declan Rice, with the offer made up of an initial £100m and a further £5m in add-ons.
Manchester City is to leave Declan Rice as an internal discussion took place today after Arsenal’s record bid was submitted on Tuesday. City has no intention to enter into a bidding war, No plans to match the £105m proposal. Over to Arsenal and West Ham now.
Arsenal is closing in on the signing of Ajax’s Netherlands defender Jurrien Timber.
Liverpool is ready to rival Real Madrid in trying to sign Paris St-Germain’s France forward Kylian Mbappe, with a bid of more than 300m euros (£258m).
Liverpool and Newcastle United are among the Premier League clubs eyeing Juventus’ £51m-rated Italy forward Federico Chiesa.
Leeds United is interested in Liverpool’s English center-back Nat Phillips.
Inter Milan is set to make a new bid to loan Chelsea’s Belgium striker Romelu Lukaku, with a £25.8m option to buy at the end of the season.
Chelsea have turned down an offer from Galatasaray to sign Pierre-Emerick Aubameyang, on a free transfer as they want to recoup some of the £10.3m they spent on him last September.
Tottenham striker Harry Kane wants to join Bayern Munich but the German club’s opening offer of £60m plus add-ons for the England captain has been deemed too low and they will need to get to at least £100m to have a chance of completing a deal.
Tottenham are closing in on a £40m deal for Leicester midfielder James Maddison, with the England international set to have a medical on Wednesday.
West Ham are in talks with Juventus over a permanent deal for Switzerland midfielder Denis Zakaria. They spent last season on loan at Chelsea.
Brighton has yet to receive any offers for Ecuador midfielder Moises Caicedo and is keen on Ajax’s Ghana midfielder Mohammed Kudus.
Real Madrid is considering activating Fenerbahce midfielder Arda Guler’s 17.5m euro (£15m) release clause, but the amount of commission added on top of that s complicating the deal.
Former England midfielder Jesse Lingard, is “considering all options” and has not ruled out a move to Saudi Araba following his departure from Nottingham Forest.