Valencia are ready to make a move for Benfica duo Ezequiel Garay & Rodrigo as prospective new owner Peter Lim prepares to inject significant funds into the club, reports Spanish newspaper Mundo Deportivo.
The Singapore business man is expected to complete a takeover of the La Liga outfit in the coming days and has promised a sizeable transfer budget for the rest of the January transfer window.
Lim is prepared to open up €50m to manager Juan Antonio Pizzi and he is ready to spend a sizeable chunk of that to bring in the two Benfica players.
It's bad news for Manchester United who were thought to be ready to make a move for Garay following long-term interest in the centre-back.
David Moyes was thought to have earmarked the Argentinian international as a long-term replacement for Nemanja Vidic, who is expected to depart the club in the summer when his contract expires.
Goal.com had reported that Manchester United had opened talks with Benfica over a £25m deal but now face the prospect of competing with a cash-rich Valencia for his signature.
Lim is intent on bringing in a big name in the January window and would want any move for Garay sealed quickly.
The Red Devils can take comfort in the fact that Garay reportedly rejected a move to Zenit St Petersburg because of their continued interest.
Garay, 27, is thought to be keen on a switch to Old Trafford but could be swayed by the prospect of competing in La Liga and the heavy wage packet that is likely to come with any offer from Valencia.