The 22-year-old is one of the most highly regarded young CONCACAF players and was instrumental in ensuring Mexico won gold at the Olympic Games in London this summer.
Herrera has, however, been tracked by Liverpool and United for some time, with both Premier League clubs have approached his current employers - Pachuca - with regards to his availability.
"We want him to continue in Pachuca," the club's sporting director Andres Fassi said. "We know he's going to emigrate to England, though. Manchester United and Liverpool have talked to us."
"At whatever moment he wants, he can leave Pachuca and the club will give him the opportunity to do so."
If winning the Meilleur joueur at the Toulon Tournament - just like Thierry Henry and Javier Mascherano before him - and winning Olympic gold brought Herrera to a new audience, then being pursued by Liverpool and United will increase his profile further still.
An eventual move to the Premier League would appear to be very much on, but what sort of player would Liverpool or United be getting, should either club win the race to sign Herrera?
Well, firstly the youngster would provide versatility. Herrera's most natural position is play a deep midfield role, although his decisive and penetrative runs make him a threat going forward.
This has been evident when Herrera has been switched to either flank, while his impressive stamina allows him to fill in at full-back when needed, but midfield remains his position of choice.
The Rosarito-born starlet retains possession well with both strength on the ball to evade the opposition and neat passing bringing teammates into play. One of his key strengths is his tackling, and there is little doubt that Herrera could adapt to the Premier League.
He is far from niggly or cynical, but Herrera has the commitment and fearless attitude to excel in English football, while his contribution in the final third could make him a valuable asset for Liverpool or United.
Herrera would, however, benefit for at least another season in Mexico prior to a transfer to a more prominent club, given the little regular football he has been afforded so far in his career.
The bustling midfielder has made only 27 appearances for Pachuca so far and, given that he is unlikely to immediately feature in the first-team at Anfield or Old Trafford, will surely need more senior action before he is plucked away from Mexico.
From the point of view of Pachuca, Herrara's value can only increase the longer he stays at the club and, with another 12 months of improvement, Liverpool and Manchester United will not be the only elite clubs trailing the Mexican.