According to the story, United are unlikely to prise Sancho away from Borussia Dortmund, with the German side expecting to keep the 20-year-old England international in the Bundesliga for the next season, though there is also interest from Chelsea and his former Premier League side Manchester City.
Head of football for Dortmund Sebastian Kehl said: “At the moment we continue to assume that he will play and stay at Borussia Dortmund next season.
“Regarding the rumours, I can say that there is nothing to it.”
That has led United to rekindle their interest in Aston Villa playmaker Jack Grealish.
Previous reports by me suggest that Grealish has already agreed terms with United, and he is in line to replace Juan Mata as a playmaker who can also operate on the right wing.
Grealish is yet to play for the England national side but has rescinded his commitment to play for the Republic of Ireland national side.
The paper reports that United would have to pay around £75 million for the 24-year-old Villa player, which is around £30 to £50 million less than they would likely have to stump up for Sancho, which might allow them to spend additional funds on other areas of the squad.
United have also been linked with Leicester City midfielder James Maddison, but they are likely to qualify for the Champions League this season and there is little financial reason for them to sell to United unless they have a huge offer. United had to spend upwards of £80 million to sign Harry Maguire from the club last season.
Ole Gunnar Solskjaer has already made one signing for next season as Odion Ighalo has extended his loan spell until the end of the calendar year.