However, according to Spanish media outlet Sport, the 21-year-old has a staggering £448 million release clause.
The Uruguayan born joined Los Blancos in 2016 as an 18-year-old after spending much of his youth career at Penarol in his home town of Montevideo – also the birthplace of former United star Diego Forlan.
It has been previously reported that Red Devils along with a host of other top clubs around the world were keen to lure the then-teenager to the United Kingdom but the South American opted to choose Madrid.
Described as a box-to-box midfielder, the player has already been likened to Steven Gerrard, the former Liverpool captain.
With Tony Kroos and Luka Modric in their 30s, he could be a long-term replacement for the duo.