Crystal Palace’s Wan-Bissaka is a target for the Premier Leauge’s major clubsLEE SMITH/ACTION IMAGES VIA REUTERS

Manchester United have failed with a £40 million bid for Aaron Wan-Bissaka after Crystal Palace valued their 21-year-old defender at closer to £65 million.

The Palace right back is also wanted by Chelsea and Manchester City and his club are confident of setting a higher asking price because they think that United would prefer to sign him rather than Thomas Meunier, the Belgium and Paris Saint-Germain defender, who has been linked with the club.

United and Palace have been in talks for several weeks and Palace’s position could be complicated by the possibility that Josh Harris and David Blitzer, as well as other American stakeholders, will sell their shares in the club this summer.