Real Madrid have reportedly rejected Manchester United’s €45 million offer for Raphael Varane, as they hold out for a transfer fee of €70 million.

According to a report from Spanish publication AS, Real Madrid have turned down Manchester United’s first official written offer for Raphael Varane as they demand €70 million for the French international.

Varane has entered the final year of his contract with Real Madrid and has his heart set on a summer departure from the Spanish capital club after a decade-long service during which he has won every trophy he has contested for. Manchester United have been long touted as the Frenchman’s next destination, considering the Red Devils’ long-term admiration for him.

Indeed, Manchester United have been following Varane from well before he signed for Real Madrid in 2011 and have made attempts to sign him in the past, only to come up short. However, this summer provided their best chance of completing a deal for the 28-year-old given his contract situation.

A deal was said to be very close recently as well with the two clubs inching towards an agreement over a transfer fee, while the personal terms between Varane and Manchester United are already believed to be finalised. However, in a late twist in the tale, it is now being claimed that Real Madrid have turned down the Red Devils’ ‘first written offer’ for the 2018 FIFA World Cup winner.

Manchester United transfer in doubt? (Photo by GABRIEL BOUYS/AFP/Getty Images)

Manchester United transfer in doubt? (Photo by GABRIEL BOUYS/AFP/Getty Images)

The offer is said to be worth a fixed fee of €40 million plus an additional fee of €5 million in variables and performance-related bonuses. Real Madrid, though, have rejected the offer straight away, insisting that they will only consider an offer around the €70 million mark.

The Merengues have also informed Varane to return to first-team training with new manager Carlo Ancelotti this week and are prepared to keep Varane at the club in case their transfer fee demands are not met by Manchester United. Instead, they will then try and convince the 28-year-old to pen a new contract extension over the next year in order to stop him from losing on a free transfer.

Varane, for his part, is intent on securing the transfer at the earliest possible. But the latest development in the transfer saga now has thrown a spanner in the works, with the two clubs now set to enter negotiations again. The onus is now on Manchester United to return with an increased offer and convince Real Madrid to part ways with the centre-half.

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