Arsenal Planning to Sign £30m-rated South American midfielder

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Arsenal and Manchester United are reportedly the favourites to sign Shakhtar Donetsk star Fred during the summer transfer window.

The Gunners have already made three signings during the January transfer window Greek defender Konstantinos Mavrapons has joined Arsene Wenger’s side as well as former Borussia Dortmund duo Henrikh Mkhitaryan and Pierre Emerick Aubameyang.

Manchester United head-coach Jose Mourinho meanwhile, is expected to be handed the huge amount of money to strengthen their squad in the summer and ready to splash money on signing Brazilian Attacking midfielder Fred.

A striker and a defender are high on the list of top targets, with Bordeaux forward Malcom and Tottenham Hotspur Danny Rose are both on their wishlist.

However, according to Star on Sunday, Donetsk midfielder Fred is being monitored by Premier League giants.

The report claimed that the Red Devils and Gunners have signalled the most interest from the English clubs.

Man City are also in the mix, and the report suggests as many as ten clubs want to lure him for the next season.

Fred is currently contracted with Ukrainian club until 2021.