Sir Alex Ferguson is expected to continue his mission of building the future of the team at the transfer market this season as well.
Chelsea are said to have prepared a $35.68 million (£22 million) bid for the player.
Arsenal have been linked over the weekend with moves for Robert Lewandowski, Javi Martinez and young forward Nick Powell.
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Apart from Everton and United, Liverpool are also interested to land the player.
Previously, United boss Sir Alex Ferguson was attracted by the Englishman and has also considered making a move for the player, but the deal never happened.
The latest transfer rumours link Manchester United with a move for Dani Alves,while there are developments in the sagas involving Eden Hazard, Shinji Kagawa and Lucas Moura.
If the latest reports are to be believed, Premiership giants Manchester United are setting up a handsome transfer bid this summer for French Ligue 1 side Rennes' young defensive midfielder Yann M'Vila to lure him away to Old Trafford.
United will have to spend a figure in the region of $19.42 million (£12 million) if they have any chance of bringing the youngster to Old Trafford.
Manchester United has been linked with moves for strikers Edinson Cavani and Fernando Llorente, while there is further news involving Eden Hazard and Lucas Moura.
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The Uruguayan has also attracted the fancies of clubs such as Liverpool, Manchester City and Juventus.
The Gunners are expected to be very active this summer.
Liverpool are also expected to bring in new faces during the summer and have, reportedly, been monitoring the player for the entire season although the player is yet to get a call-up to the Spanish national team.
If rumors are to be believed, Premier League heavyweights Manchester United are set to lure away German Bundesliga side Borussia Dortmund's Japanese attacking midfielder Shinji Kagawa when the transfer window opens in summer.
Manchester United has been linked with a surprise big money for Real Madrid's Pepe, while Leighton Baines and Jordi Alba are also involved in the latest rumors.
The former United defender had fallen out with coach Pep Guardiola and had been dropped for games against Real Madrid and Chelsea in the past week.
Gunners boss Arsene Wenger, who is widely known to bring in fresh talent rather than spending and buying star players, will look to seal off the deal.
A round-up of the latest Manchester United transfer news, including the club's reported interest in Mesut Ozil and Gylfi Sigurdsson.
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