Manchester United facing transfer dilemma on signing Gareth Bale or Memphis Depay

Manchester United manager Louis van Gaal is in a dilemma whether to sign Real Madrid star Gareth Bale or PSV Eindhoven winger Memphis Depay.

According to the Manchester Evenings News, both the world-class players are on the Red Devils' radar as the 20-time English champions look to splash over £150m ($227.8m) this summer.

The former Barcelona and Bayern Munich manager is looking to add pace to his side for the next season as he looks to play his preferred 4-3-3 system. United signed Angel Di Maria for a British record transfer fee of £57.1m ($86.7m) last summer.

Van Gaal has already coached Depay while he was in charge of the Netherlands national team. He has been instrumental in PSV's league winning campaign this season and is reportedly available for £25m ($38m).

On the other hand, United chief executive Ed Woodward is looking to show the club's financial strength by splashing the cash in making a marquee signing. He has set his sights on landing Bale.

Securing the services of the former Tottenham Hotspur star will be a huge statement to investors on the New York Stock Exchange. However, it should be seen whether Van Gaal is keen on signing him.

The same report claims the Dutch manager would prefer Depay, who is four years younger than Bale. In addition to this, Van Gaal's compatriot is a cheaper option than Real star who joined the Spanish giants for a world record transfer fee in 2013.

Any move from United to sign the Dutch international will see them face tough competition from their league rivals Liverpool. Paris Saint-Germain are also in the frame after PSV confirmed the Ligue 1 outfit and the Old Trafford club's interest in Depay.

Despite this, having Van Gaal at United could prove as a decisive factor in helping the Red Devils sign Depay. United are not going to make an approach for both Depay and Bale, despite having funds to spend on the two players in the upcoming transfer window.

Real are keen on keeping the Welsh international as Florentino Perez has ruled out any sale of Bale. It would be ideal for Van Gaal and United to sign Depay, who is also a cheaper option compared to Bale.