The Red Devils are in pole position to sign the in-demand left-back, who enjoyed an impressive campaign on loan at Sevilla last season – winning the Europa League.
Despite Reguilon’s excellent performances, Real have plenty of options at left-back already and want to cash in on the 23-year-old in an effort to raise funds for some transfers of their own.
According to Spanish radio station COPE, Zinedine Zidane considers Reguilon surplus to requirements and prefers Ferland Mendy, while Marcelo has no intention of leaving and will instead compete for the left-back spot.
United have held talks over a deal to bring Reguilon to Old Trafford, however Real want to include a buy-back clause in the deal – something they have done with a number of players in the past, notably Dani Carvajal.
But United have no intention of buckling to Real’s demand, especially with the Spanish club likely to want a set fee only slightly more than the £27million they expect to receive for Reguilon this summer.
According to Mundo Deportivo, Reguilon, who limped out of Spain’s recent win over Ukraine, will report to Real Madrid’s training ground on Tuesday and will hold discussions over his future.
He is thought to be keen to leave the Bernabeu on a permanent deal if he has no place in Zidane’s plans and would welcome a move to the Premier League.
As well as United, Tottenham have also been linked with a move for Reguilon, while Sevilla would like to take him on loan for a second season but would be unwilling to pay Real’s £27m asking price.