Valencia To Place £60m Buyout Clause On United and Arsenal Target Nicolas Otamendi – Report

Manchester United and Arsenal will have to pay big money to land defender Nicolas Otamendi, with reports claiming Valencia are readying a deal which places a £60m buyout clause over his head.

After an unnamed Premier League club bid £27m for the Argentina international, the side are believed to be sorted out a new contract in the hopes of keeping Otamendi in their clutches.

As well as the £60m buyout clause, the Mirror claims that he will also be offered a £70k per week salary package in case a club comes knocking in the next 36 hours or interest peaks again in the summer.

Having signed for Valencia in 2014 from Porto, Otamendi has proven to be a shining light for the side's defensive line-up, helping the side to push for a Champions League place in the next season.

He would certainly be a welcome addition to either United or Arsenal, who have both had problems with their backlines this season. Both sides are on the brink of a top four finish in the Premier League table and additions in the January transfer window could prove vital with the likes of Southampton, Tottenham and Liverpool also pushing for a coveted Champions league place.

United reportedly insisted they didn't make the bid for Otamendi's signature this month and whoever did will have to pay a lot more than what they initially thought should he agree a new contract with the Spanish outfit.

His current deal with Valencia runs out in 2019, giving the club all the cards when considering whether to let him go.