Manchester United must move quickly if they are to land Fabio Coentrao.
The Benfica winger has been monitored by some of Europe's elite in recent seasons, with Manchester United boss Sir Alex Ferguson a known admirer of the player.
AC Milan have reportedly earmarked the versatile left sided player, who can play in defence or midfield, as a potential successor to Paolo Maldini, and are poised to move for the player.
This news could spur Manchester United into showing their transfer hand, with the Old Trafford club still keeping an eye on the situation.
Real Madrid, Chelsea, Manchester City and Juventus are, like Manchester United, also thought to be keen on the player, whilst Liverpool have long been admirers of the players ability.
Former Anfield boss Rafa Benitez was thought to be very keen on the player, whilst the Daily Mail claimed earlier this month that Liverpool were still keeping tabs on Coentrao.
A Portuguese international who made his debut in 2009, the former Rio Ave starlet has built a name for himself in his homeland over the past five years.
Ferguson reportedly views the player as competition and cover for Patrice Evra at Manchester United, and would consider meeting the £25 million valuation in an effort to add more depth to his squad at Old Trafford.
It is unknown if Manchester United will be looking to spend in the January transfer window, with Ferguson traditionally cagey in the opening month of the New Year.
Liverpool. on the other hand, have money to spend after the arrival of new owners NESV at Anfield.
Hodgson is keen to strengthen his squad, and with question marks over the form of Paul Konchesky, Liverpool could make their move in January. They are the outsiders, though.
It appears the main rival to Manchester United comes from Serie 'A', and if the Daily Mail report is to be believed, the Red Devils will have to act quickly if they are to land the coveted 22-year-old.