The Frenchman has a little over a year remaining on his contract that ends in June 2022 but the LaLiga giants could be forced to cash in on the defender should progress slow down over an extension.
Reports this week suggested United are preparing an opening £40m offer for the 28-year-old, who has played 40 times for Zinedine Zidane’s side this season.
Real Madrid want £60million for centre-back Raphael Varane, according to reports
Manchester United are said to have bid £40million for the 2018 World Cup winner
But according to Spanish outlet Diario AS, Real value Varane £20million more than what United are prepared to offer, putting a spanner in the Red Devils’ transfer plans.
The report also claims Ole Gunnar Solskjaer has personally asked the club to bring in the French international defender, who has been capped 73 times by France and is expected to play a key role in Les Bleus’ European Championships campaign.
United currently have captain Harry Maguire and Swedish defender Victor Lindelof as their first-choice centre-back options, with Eric Bailly, Axel Tuanzebe and Phil Jones also in the Old Trafford ranks.
The 28-year-old has just one year left on his Real Madrid deal with no sign of an extension
Ivorian defender Bailly signed a new contract at United until 2024 despite making just 11 Premier League appearances so far this season.
Real Madrid, meanwhile, are in the middle of a financial crisis which means they may have to cash in on some players to raise funds for transfers.
According to March, Madrid’s loss of revenue streams – including matchday sales and broadcast money – have lead to huge losses, and the club is anticipating a loss of around £135m next season if games are played behind closed doors.
Varane may be sold by Zinedine Zidane’s (right) side to raise money for summer signings
Real are close to confirming a deal for Bayern Munich defender David Alaba on a free transfer, with the Austrian set to compete for places at centre-back with Eder Militao and Nacho when his five-year deal begins on July 1.
This could pave the way for Varane to leave the club, who joined Real from Lens for a £8.5million fee in the summer of 2011,
Since joining Real a decade ago, Varane has won three LaLiga titles, four Champions League trophies and four FIFA Club World Cups with the Spanish giants, who he has played 359 times for since his Los Blancos debut.