Manchester United are targeting a £30m move for 20-year-old Bordeaux winger Malcom, according to the Daily Mail.
United boss Jose Mourinho is reported in the market for a winger and a full-back in January, and has sent scouts to watch Malcom last season.
However, the Mail claim Bordeaux are reluctant to sell the 20-year-old next month though, and will not budge from their £30m valuation of Malcom.
Mourinho is also keeping one eye on Real Madrid winger Gareth Bale.
The Wales international has been linked with a move to Old Trafford for some time now amid his injury woes at Madrid but a deal to sign him is also unlikely to be discussed until the summer window opens.