Diaz is currently on Under-20 international duty with Paraguay, and has scored one goal in two appearances at the 2015 South American Youth Championship being held in Uruguay.
Fans of the two English clubs will be delighted that scouts are searching all around the world for the next potential footballing heroes, but little is known of Diaz, so here are five facts to whet your appetite in light of United and Liverpool’s interest.
1) A 16-year-old striker from Paraguay, Diaz currently turns out for Cerro Porteno in his homeland’s Primera Division. Despite his young age, he has eight goals in 20 league games for the club, and has also appeared in three Copa Sudamericana games, although he has yet to find the net.
2) Currently away with his nation at the 2015 South American Youth Championship, Diaz has found the back of the net once in two appearances for the side currently sitting in second place in their group. He started the first game of the tournament and scored, remained on the bench for their second victory, and came on for the last half-hour in Paraguay’s 2-1 defeat to Ecuador.
3) Due to his age and lack of senior international reputaiotn, it would be extremely hard for either United or Liverpool to secure Diaz's signature due to work permit difficulties. However, the Red Devils recently started a partnership with Belgian club Gent to circumvent English regulations, and they could ensure Diaz enjoys first-team football under their supervision if he was to choose them ahead of Liverpool.
4) The TMW report indicates that a fee of €8 million will be required to sign the highly-rated youngster, which is extremely high for one so young. However, his domestic goal record speaks for itself, and that fee could turn out to be a bargain if he develops into the player many think he will be.
5) As quoted by Gazeta Deportiva, Diaz has outlined his plans for his future career, with the desire to be recognised as a top level striker on the international scene. He said: “My dream is to be a great striker. I do my job well and help the team to win the title with the national side. Personally I look for optimal performance and to be recognised internationally.”