Man Utd and Inter Milan have agreed a £35.2m fee for Wesley Sneijder, Goal.com reports, despite Sir Alex Ferguson's recent claims that United aren't interested in signing the midfielder.
The Premier League champions will now negotiate personal terms with the Dutch international's representatives as they look to reach "a compromise over his £200,000-a-week" wage demands, the reports continues.
The "exclusive" news comes just hours after Ferguson told ESPN Soccer that reports linking Sneijder with a move to Old Trafford were false.
"I keep reading about this, there's absolutely nothing at all to that [reports of United's interest in the player]. First of all I don't think Inter are prepared to sell him anyway.
"You get conjecture and you get speculation every week in newspapers unfortunately. And we have to answer these for some reason - why, I don't know, but we have to find a reason without adding insult to any particular club, or embarrassing any particular player. There's nothing we can do about it."
Neither Inter Milan nor United have issued an official comment on the report but Goal.com speculates that "senior officials" from the two clubs have "shaken hands on the terms of the deal" after United chief executive David Gill indicated the club were "willing to meet Inter's asking price" in a series of meetings in the last few days.
Sneijder is under contract at the San Siro until 2015 and the midfielder is currently at Inter's pre-season training camp at Pinzolo in Italy.