United need £40m to land Inter target - reports

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Benfica have tied Nico Gaitan down to a new long-term contract to stave off interest from Manchester United and Inter Milan, reports talkSPORT.

The 23-year-old Argentine winger has been in impressive form for the Portuguese outfit, and has attracted interest from a host of clubs across Europe.

Red Devils boss Sir Alex Ferguson has been linked with a move for Gaitan for some time, and the reigning Barclays Premier League champions looked as though they would step up their interest after the player impressed against Manchester United in a UEFA Champions League clash in September.

Recently appointed Inter boss Claudio Ranieri has also been credited with an interest in the South American star - who joined Benfica from Boca Juniors for £7.5million in May 2010.

The increased media speculation surrounding Gaitan's future, prompted the club to offer him a pay-rise, extending his deal to 2016, meaning Manchester United or Inter would have to break the bank to land him, with a minimum fee release clause in the region of £40million.

"I feel good at Benfica," said Gaitan after signing the new deal. "I signed the deal to stay here so I can improve my game and win titles."

The opportunity to win titles at Old Trafford would have also been a possibility, but after signing a new deal a move to England or Italy now looks to be off.

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