Manchester United have agreed to let Alexis Sanchez leave on a free transfer to enable them to land Jadon Sancho, according to reports.
Sanchez is set to join Inter Milan on a free transfer as United passed up the opportunity to get a fee in under to offload the Chilean.
Sanchez’s £500,000-a-week wages have proved prohibitive, both to United and to interested parties. However, United will save up to £58m in wages allowing Sanchez to depart.
Inter have named Sanchez in their Europa League squad but need to agree a deal with United for him to continue playing for them beyond Wednesday’s tie with Getafe.
The 31-year old Sanchez was due back from his loan at Inter on Friday, but a move is expected to be wrapped up imminently.
Sanchez is willing to accept a pay cut with Inter offering a three-year contract worth £125,000 a week after tax.
That has allowed United to press ahead with a move for Sancho, for an initial €100m (£90m). That’s the word from The Guardian, and a fee that would set a transfer record for an English player.
Sancho to take No. 7 shirt
Dortmund want the deal done by August 10, according to the BBC.
As yet no agreement is in place but the German club could accept a deal that would involve United paying the fee in instalments over the next two or three seasons.
United would then be liable to pay a further €20m due in performance-related add-ons.
Personal terms are believed to have been agreed in principle on a five-year deal for the player who registered 17 goals and 17 assists across 32 Bundesliga games last season.
The 20-year-old England forward is expected to be on a salary of £220,000-a-week, according to The Sun.
And The Metro report that Sancho is also set to take the no.7 shirt vacated by Sanchez with United hoping he can reverse the fortunes of previous owners such as Angel Di Maria and Memphis Depay.