TMW says United are preparing a £35.4m (€40m) offer for Mexico's World Cup star Lozano.
The PSV winger dazzled in Russia as one of the breakout stars, inspiring El Tri to a shock victory over Germany and the last 16 stage, where they eventually fell to Brazil.
United are interested in the former Pachuca sensation and a massive offer is in the works, with Barcelona also linked, meaning a bidding war could commence imminently.
The 22-year-old bagged 19 goals last term and assisted 11 more to prove his exceptional potential.
And now Jose Mourinho could have the exciting winger at his disposal if they can convince the Dutch side to cash in on their prized asset.