Fernandes is in a strong bargaining position, with his deal carrying a €60m escape clause - though it is open to only foreign teams, says the Daily Express.
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At 31, such a fee would viewed as reasonable by most major clubs - and certainly is within the range of Saudi Pro League teams.
Fernandes' current deal runs to 2027, though Old Trafford chiefs have the option to extend that by a further 12 months.
Indeed, there's a belief that should Fernandes choose to remain next season, he will be ready to discuss new terms with United, rather than use his decision as a way to rundown his current deal.