Marca Claro claim a 'source close to the English club' has told them United are not currently one of the talented El Tri star's suitors following his impressive displays at the World Cup.
Reports in Italy, picked up in the UK, had claimed the Red Devils were keen on Lozano and some even went as far to say a big-money bid was being lined up for the current transfer window.
But United already possess a wealth of attacking talent, having added Alexis Sanchez to their ranks only in January.
Lozano, 22, has also been linked to Arsenal after an impressive campaign for Dutch champions PSV - where he scored 17 goals and added eight assists in 29 Eredivisie matches.
Celtic skipper Scott Brown insists Champions League football remains key even after more than a decade at the club.
Brighton have completed the signing of midfielder Yves Bissouma on a five-year deal from French side Lille.
Rafael Benitez has admitted he will have to 'wheel and deal' this summer if he is to get the men he wants to rebuild his team.
Joe Hart's future remains up in the air but he has been included in the Manchester City squad for the summer tour to the United States.