According to Jornal de Noticas (via Sportwitness), Manchester United have bid €80million – €55m and €25m in bonuses – for the Sporting Lisbon midfielder.
United's bid dwarfs that of Manchester City, who has reportedly bid €50million which included promised player loans.
City's bid has reportedly already been turned down, but United's – which comes to roughly £71 million in sterling – is 'very seducing' according to Jornal de Noticas.
Fernandes is one of the most sought after midfielders in Europe having scored 32 goals last season, shattering Frank Lampard's goalscoring record for a midfielder in the process.
The 24-year-old has previously been quoted saying he doesn't have a preference of destination - only that it must be the Premier League.
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