Manchester United have received an official offer for Juan Sebastian Veron from Chelsea.
United manager Alex Ferguson has repeatedly rejected suggestions Veron is on his way to Stamford Bridge.
However, Old Trafford chief executive Peter Kenyon has admitted the club are considering an offer for the Argentine midfielder.
"There has now been an official offer from Chelsea for Veron and it is under review," Kenyon told the Mail On Sunday.
"We should be delivering a reply to the bid by Wednesday."
Chelsea will want any deal sealed before Thursday's Champions League deadline.
Veron, 28, cost Ferguson £28.1million from Lazio two years ago. He was in top form in his most recent outing for United as Ferguson's side crushed Juventus 4-1 in a pre-season friendly in New York
Veron collected the man of the match honours with two outstanding assists which led to goals for Paul Scholes and Ruud van Nistelrooy.
Meanwhile, Ferguson has dismissed Chelsea's chances of winning the Premiership this season.
"Maybe you can buy the title with the purchase of good players and sound judgment, but I don't think they will do it right away," Ferguson told the Mail On Sunday.
"I think they have made some good, long-term buys but I doubt it's going to happen in their first season. You need experience in the championship."