The 27-year-old is out of contract in the summer of 2019, but United have the option of extending by a further 12 months. "The only word I can say is he is a phenomenal player, apart from that an Arsenal player and I feel I shouldn't say much more than this".
Goal understands that City remain hopeful of signing Alexis, but they are wary of overpaying for the star, whom Arsenal value at £35 million. Arsenal have also been offered the chance to sign Armenian playmaker Henrikh Mkhitaryan.
Leicester are determined to hold on to their key players this month, with Riyad Mahrez earning attention from an array of England's big sides too.
It would make them the joint highest-paid players at the club, and the most expensive in their history.
Premier League rivals Manchester United and Chelsea are set to "battle it out" for the signature of Brazilian star Arthur Melo, the Daily Star reports. Gremio may be willing to listen to bids of between £30m and £35m, says the newspaper.
The Red Devils have expressed an interest in the 31-year-old, who has shown he is a reliable goalscorer in the Premier League. According to the Daily Record, Fred is one of a number of midfielders "under consideration" by Mourinho.