A £140m loan plus £90m in cash reserves means United have money to spend – and Woodward is determined to splash the cash, with the Evening Standard reporting that the executive vice-chairman has promised Solskjaer he will be competitive in the market.
The club are unlikely to blow all their budget on one player, however.
Woodward told fans in April not to expect the next window to be “business as usual” due to the fallout from the coronavirus crisis.
He said: “As ever, our priority is the success of the team but we need visibility of the impact across the whole industry, including timings of the transfer window, and the wider financial picture, before we can talk about a return to normality.
“On this basis, I cannot help feeling that speculation around transfers of individual players for hundreds of millions of pounds this summer seems to ignore the realities that face the sport.”