Manchester United are reportedly on the verge of signing Athletic Bilbao's Ander Herrera for a reported transfer fee of around £28.4 million.
The 24-year-old midfielder is reportedly scheduled to undergo a medical at Old Trafford later today, according to ESPN.
The report further added that Herrera will be penning a four-year contract worth somewhere in the region of £50,000 a week at Old Trafford.
Although former Manchester United boss David Moyes had tried to lure Herrera to Old Trafford on the transfer deadline day last summer, Athletic Bilbao had rejected the Red Devils' offer of £24 million.
Finally the Scotsman ended up signing Belgian midfielder Marouane Fellaini from Everton instead.
However, now with Manchester United desperately trying to shake off the memories of their disappointing campaign last season, they are reportedly ready to break the bank to buy the midfielder.
Meanwhile, the Red Devils are also reportedly ready to break their transfer record in trying to sign Southampton's Luke Shaw, according to another ESPN report.
United have reportedly already made multiple bids for the 18-year-old, ranging in the region of £30 million to £34 million.
However, Southampton, who have already lost their manager Mauricio Pochettino and striker Adam Lallana to Tottenham Hotspur and Liverpool respectively, are reluctant to let go off their other star players.
New Southampton manager Ronald Koeman has also insisted that he wants to keep the teenage left-back, who is a product of their youth academy, at the Saint Marys at all costs this summer, according to the Daily Mail.
This is why United are prepared to smash their transfer record and table a £40 million bid for the England youngster, who will be handed his first international start during the Three Lions final 2014 World Cup group fixture against Costa Rica later today.
The Red Devils are reportedly looking to tempt Shaw with a salary of £100,000 per week.
With Alexander Buttner expected to be sold to Russian side Dinamo Moscow this summer, United, who paid a club record of £37.1 million to secure the services of former Chelsea midfielder Juan Mata in January, are in need of a new left back despite having offered their ageing fullback Patrice Evra a one-year contract extension.