The Red Devils were interested in the Chilean last summer following impressive performances at the World Cup and are reportedly set to challenge Their rivals.
United have been linked with a move for the former River Plate man since last summer, when he produced some impressive performances for Chile at the World Cup.
Sanchez continued his form into the domestic season, scoring 12 goals in Serie A for Udinese.
It is understood that United chief executive David Gill met Gino Pozzo – the son of Udinese owner Giampaolo – in Barcelona on Tuesday to discuss a move.
Manchester City are believed to have recently bid €30 million for the services of the attacker often compared to former Real Madrid star Cristiano Ronaldo, but club owner Pozzo has said he is holding out for more than €35m, a fee City seem unwilling to meet due to the new financial fair play regulations coming into practice soon.
The Udinese supremo just days ago claimed City are the favourites to land the Chilean - after reports first claimed that Barcelona were at the head of the queue - but Sanchez’s agent, Fernando Felicevich, has confirmed Sanchez's future is still wide open.
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