Ole Gunnar Solskjaer is expected to be named manager on a permanent basis and the Norwegian is keen for summer reinforcements.
United are targeting a right-sided attacker to support Marcus Rashford and Anthony Martial up top.
Sancho remains their priority target but the England international is in high demand and is expected to cost in excess of £100m.
Old Trafford chiefs are exploring other options and according to Gazzetta dello Sport, they’re ready to revisit their interest in PSV star Hirving Lozano.
The Mexico international has often been linked with a switch to Old Trafford in recent seasons.
And Gazzetta dello Sport report United have sought the help of super agent Mino Raiola to help them beat Napoli to a £34m deal.
Raiola has helped United with a number of key singings in recent seasons, including Paul Pogba, Romelu Lukaku and Zlatan Ibrahimovic.
The transfer revelation comes amid news that:
“We know Ole is talking to Sir Alex and that’s good.”
Former Man Utd midfielder Gordon Strachan
Napoli boss Carlo Ancelotti is keen to snap up Lozano when the transfer window opens.
But the 23-year-old would likely jump at the chance to join Solskjaer’s revolution at Old Trafford.
And while the Norwegian has little experience managing at the top level, Gordon Strachan believes his relationship with Sir Alex Ferguson makes him the right man for the job.
“I’ve heard Ole isn’t the world’s greatest coach but Sir Alex wasn’t the world’s greatest coach,” he said.
“He knew how to coach but for 25 years he didn’t do much coaching – he left that to others.
“He brought presence, discipline and footballing philosophy – things like passing the ball forward more – and that’s where modern football is at.
“It’s a lot simpler than people are making out.
“You’ll get caught up in it if you believe all these stats, but it’s the Emperor’s New Clothes.
“We know Ole is talking to Sir Alex and that’s good.
“He won’t be asking about tactics, he’ll be asking how he deals with being United manager on and off the park.”