Manchester United and Chelsea both agree on what they would pay Raphael Varane if he were to join their respective club this summer, according to reports.

Varane is out of contract at Real Madrid at the end of next season and Los Blancos are prepared to sell the Frenchman to prevent him from leaving the club for nothing.

United are in the market for a central defender to partner club captain Harry Maguire.

Varane is one of a number of targets linked with the Old Trafford club, with Villarreal’s Pau Torres also on their radar.

Meanwhile, Chelsea boss Thomas Tuchel is keen to strengthen at the back despite winning the Champions League on Saturday.

However, Varane will not come cheap despite his contract expiring in just over 12 months time.

Spanish outlet Defensa Central says Real want a fee of over £60million (€70m) for the former World Cup winner.

United and Chelsea are listed as the two most likely destinations for Varane in the Premier League.

The report says Varane currently earns £5.1m (€6m) a year in wages at the Bernabeu.

However, United and Chelsea both agree they would pay the 28-year-old double what he currently earns, taking his yearly salary to around £10.3m (€12m).

Defensa Central says both United and Chelsea have contacted Varane to outline their contract offer.

Varane is in the France squad for this summer’s European Championships.

Speaking last week, the defender said he is fully focused on performing for his country and will sort out his future after the tournament.

“This is not the time to talk about my future,” Varane said. “I am focused on the selection, on this Euro.

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“It is normal and logical to ask the question, and for my part it is normal and logical to focus on the upcoming deadlines. We are all human beings. We can think about it.

“As for my personal case, I am focused on the objectives that we have in the France team, it is not a subject that I will discuss every day in my room at Clairefontaine.

“I am focused on my goal, and now is not the time to discuss it. If I have to talk about it, it will be directly with the people concerned.”