Alex Telles' agent is confident that a formal Manchester United bid is on the way.

It comes after the Red Devils missed out on the signing of Sergio Reguilon, who is set to join Tottenham.

United had been in advanced talks with Real Madrid for the Spaniard but there were always problems throughout negotiations.

The Spanish champions insisted on a buyback clause on the 23-year-old, something Old Trafford chief Ed Woodward was never going to agree to.

It gave Spurs the chance to swoop in, who agreed to all of Real's criteria.

And while United stuck to their guns, it has ultimately left them empty-handed - though not all is lost.

United are looking at Alex Telles

Porto ace Telles is also on the club's shortlist and a departure from the Primeira Liga is on the cards.

The Brazilian will see his contract expire next summer and the Dragons would rather sell now than lose him for nothing.

Furthermore, Telles' agent is confident that a bid will be submitted soon - with just under two weeks left in the transfer window.

Super-agent Pini Zahavi represents the 27-year-old - who was responsible for the record-breaking transfer of Rio Ferdinand as well as brokering Roman Abramovich's takeover of Chelsea.

According to A Bola, via The People's Person, Telles could go for as little as half of his release clause, which would cost €20m (£18.5m).

Telles will see his contract expire next summer

He is demanding wages worth £71,000-a-week, which is out of Porto's wage bracket - meaning they must let him go now or face losing him for nothing.

The report goes on to state that Zahavi is confident that the Red Devils will come along and submit an offer for the ex-Galatasaray star.

United have made just one signing this summer in the shape of Donny van de Beek.

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But further raids for the likes of Jack Grealish and Jadon Sancho have been met with huge resistance, with the former now signing a new contract at Aston Villa.

For Sancho, hope is not over just yet but time is running out fast.

With Borussia Dortmund slapping a £109m price-tag on the England international, for United to pull out such money with days left in the transfer window would be a stretch - but not impossible.