PSG set to sign United target

Manchester United appear to be losing the battle to sign Brazilian starlet Lucas Moura after Paris Saint-Germain lodged a £35.7m bid.

Sir Alex Ferguson appeared to be leading the race for the 19-year-old after entering talks with his club Sao Paulo and the player's representatives after he arrived in Great Britain for the Olympic Games. However, talks have not progressed well and United have failed to agree to Sao Paulo's demands, with the Brazilian club asking for in excess of 40million Euro. PSG look to have stolen a march on United now after agreeing to meet Sao Paulo's valuation and Moura is thought to be happy to move to the Parisian outfit, with one Brazilian website claiming he branded Manchester as "boring" after staying there during the Olympics. Inter Milan were also thought to be keen on Moura but their president Massimo Moratti has revealed big-spending PSG look set to win the race for the midfielder's signature. "The €45m that PSG offered is completely illogical and for us it would've been very out of key with our approach," said Moratti. "PSG are starting a new era, so they are completely reconstructing the squad. At least I can relish the fact I'm saving money." Moura is expected to announce which club he will be joining once Brazil's Olympic campaign reaches its conclusion.