Louis van Gaal
Manchester United are set to hand Louis van Gaal a £100m war chest to strengthen his team ahead of next season. (Getty Images)

Manchester United manager Louis van Gaal is reportedly awaiting information on the budget at his disposal to strengthen his team in the summer.

According to the Telegraph, executive vice-chairman Ed Woodward is set to reveal the summer spending plans when he unveils the club's quarterly accounts on Thursday (14 May). It is expected that the manager will be given a substantial budget to land the club's priority targets.

The financial results for the first three months of the year will be revealed to shareholders and is expected to announce the plans to strengthen the Dutchman's squad this summer.

After a season of hiatus, Van Gaal has all but guaranteed a place in next season's Champions League for United and this will hand the 20-time English champions a financial boost ahead of next season.

But the Old Trafford club may have to play a two-legged qualifier to get into the group stages if they do not manage to overhaul Arsenal or Manchester City for a place in the top three, which ensures direct qualification.

Though United lost around £50m in revenue after failing to qualify for Europe last season, they have been boosted by a new shirt sponsorship deal with Adidas, which will earn them a hefty £75m a year, thus boosting the club coffers ahead of next season.

The report claims that the manager will be given a £100m war chest to strengthen his team ahead of next season, and the process has already begun with the signing of Memphis Depay from PSV Eindhoven for a reported £22m.

Apart from the young forward, Van Gaal is keen to strengthen his defence and is reportedly set to target moves for Borussia Dortmund's Mats Hummels, Southampton's Nathaniel Clyne and Aymeric Laporte of Atheltic Bilbao.

The former Bayern Munich manager will not stop there as he is actively looking for a long-term replacement for midfielder Michael Carrick, who has suffered a spate of injuries this season, and is keeping tabs on Ilkay Gundogan, Paul Pogba and Arturo Vidal.