The 20-year-old England international is expected to leave in the summer - or whenever the next transfer window actually comes into force - from his current club, Bundesliga’s Borussia Dortmund.
Sancho has been disciplined by Dortmund boss Lucien Favre on occasions this season for failing to keep to disciplinary standards, and was withdrawn in the first half during his side’s drubbing at the hands of Bayern Munich earlier in the season.
However, there is no indication that the German club are willing sellers, but the economics at the clubs mean that a huge transfer fee can be used to sign more younger players to develop and sell on for profit, and a transfer fee of £120 million should be sufficient to sign him.
The uncertain but potentially vast impact from coronavirus on the finances of clubs is going to restrict the size of some transfers in the near future, but that could mean that clubs who can weather the storm may be in a position to lead the way on transfers. Manchester United have a fast and unused credit facility of around $200 million, which means they could act in the transfer window to secure Sancho and other players.
Other clubs were rumoured to be interested in Sancho, but British newspaper The Mirror suggests that of Chelsea, Liverpool, Real Madrid and Barcelona, all of them were put off the asking price for the winger.
United are expected to sell Paul Pogba this summer to raise funds, to either Real Madrid or Juventus, and are rumoured to have agreed personal terms with Aston Villa playmaker Jack Grealish already. James Maddison another player targeted by United’s transfer committee, but the club are unlikely to try to sign all three.