Manchester United transfer rumour: Red Devils to make formal offer for West Ham United teenage star Reece Oxford

Manchester United are keen on adding West Ham United teenage star Reece Oxford to their squad this summer. The 17-year-old came up through the ranks of the club's youth system and impressed on his competitive debut in the midfield during the Europa League first qualifying round in July 2015.

West Ham's rising star was handed the Premier League debut against Arsenal and Oxford starred in the midfiled in his side's 2-0 victory over the Gunners at the Emirates. He made 12 appearances last season and his form for Slaven Bilic's side has attracted interest from other clubs.

According to the Daily Mail, the Hammers are aware of growing interest from United in signing the player. They are waiting for a formal offer to be tabled by the Red Devils, which could be as early as this week.

Oxford is valued to be around £10m ($14.6m) by West Ham and United, who has two years left on his contract. United are willing to pay in excess of the Hammers' asking price for their young talent.

The Mirror earlier reported the 20-time English champions could delay their bid due to the uncertainty over the managerial situation at Old Trafford. The Red Devils allowed Louis van Gaal leave the club and replaced him with Jose Mourinho, who is also interested in taking West Ham's young star to United.

Liverpool and Manchester City have also maintained their interest and they could provide competition to United. The Merseyside club were keen on signing him last summer, but the deal did not take shape.

Another Mirror report suggests the Reds will make an approach for him once again this summer. Liverpool are banking on Jurgen Klopp's reputation of developing young players could convince Oxford to snub United and make a switch to Anfield.

He is a versatile player and can play in the central defending position or in the midfield. With United set to make a formal offer, Liverpool need to step up their efforts if they are hoping to beat their arch-rivals for Oxford's signature.