Revealed: How much PSG want for Manuel Ugarte after Man United's first bid is rejected

According to The Telegraph, Manchester United have not given up on their pursuit of Manuel Ugarte after facing rejection in their first bid.

The Red Devils reportedly submitted a bid worth £25 million for Ugarte, who joined PSG only last summer from Sporting CP.

That's nearly 50% less than what PSG want; the Ligue 1 giants are holding out for a fee in the region of £50 million.

They paid £51 million to acquire his services a year ago and believe they are being fair.

Man United remain in negotiations with PSG as they are now expected to submit a revised bid.

The Uruguayan midfielder played 37 times across competitions for the French side last season.