Manchester United have been locked in negotiations with Sporting Lisbon for some time as they look to sign the talented midfielder.
But Italian journalist Tancredi Palmeri has offered a positive update to fans after the clubs reached a breakthrough in talks.
“Manchester United had another contact for Bruno Fernandes,” he tweeted.
“Sporting confident to close the deal next week, when it is expected a new meeting.”
Recent reports in Portugal suggested Sporting were running out of patience with United with the club reluctant to meet their €70m (£63m) asking price.
The club had been looking to bring in funds from other players instead with Sporting reportedly prepared to sell Wendel, Raphinha, Marcos Acuna and Bas Dost.
But with United now edging closer to signing Fernandes they will have the cash available to reinvest into the squad.
Nations League winner Fernandes has attracted plenty of interest from the Premier League with Tottenham and Liverpool linked.
And earlier this month, ESPN pundit Steve Nicol urged Liverpool to make a late move for the 24-year-old.
“I think this would be a decent signing for Liverpool,” he said when asked about Fernandes.
“I think he’s got a little bit more quality in the final third than what they [Liverpool] have right now, so I think Bruno Fernandes would be a good addition.
“Liverpool need to get a bigger squad so that they can give people a break without the standard dropping.
“I think this could be a hit, I think this could be a good signing.”