Both Manchester United and Manchester City will put forward offers for Valencia defender Nicolas Otamendi this week, according to reports in Spain.
Valencia-based newspaper Superdeporte claim that the Premier League giants will approach his agent, Jorge Mendes, with their bids in the coming days as the race for his signature starts to heat up.
The Spanish source doesn't give a specific amount that either club will bid, however it does claim that both Manchester United and Manchester City will offer him wages of between €3.5 - 4 million in order to lure him to the Premier League.
BECOME A WRITER
Do you have what it takes? Sign up today and send over your 250 word test article: http://gms.to/haveyoursay3
Otamendi has a release clause worth €50 million written into his contract that Valencia insist must be met in order to make a deal happen, but it is unlikely that either club will offer that amount.
Instead they'll bank on the Argentinian international's desire to leave forcing them into selling at a lower price. His representative representative Eugenio Lopez claimed back in May that Otamendi had told Valencia's president that he wanted to leave.
Superdeporte report that both clubs have held secret talks with Mendes, who has been deployed to help negotiate a transfer.
Manchester United's primary target remains Sergio Ramos, but their chances of landing him look increasingly slim. The Spanish international has been named Real Madrid's captain for next season, and his team have already turned down one offer worth around £30 million.
The Red Devils have made it clear to Real Madrid that the only way they will accept a deal for David de Gea is if Ramos is included as part of their offer.
Otamendia is certainly a back up option for Manchester United, who would love to land Ramos. That looks impossible for the time being, and the Argentine is a good enough alternative.
Manchester City meanwhile could do with more top quality options at the back and Otamendi fits the bill.
However Superdeporte say there is still a good chance that Otamendi will have to stay put for at least next season, which would be bad news for the player and his suitors.