HITC Sport understands that Villa are keen on a reunion with the England winger, but are waiting on the outcome of contract musings at Old Trafford.
Young was hugely impressive for Manchester United last season and he was expected to agree a new contract at Old Trafford.
However, 30-year-old Young is now waiting on his deal to develop, and while he does other clubs are monitoring his situation.
His former employers Villa have cash reserves following the sales of Christian Benteke and Fabian Delph to Liverpool and Manchester City respectively and they are ready to help coach Tim Sherwood bolster his squad in the coming weeks.
Sources have confirmed to HITC Sport that Villa are hoping for a positive reaction from United, but coach Louis van Gaal will be given the final decision on Young - whether that be selling him or giving him a new deal.
Young has been with United since signing from Villa in 2011, making over 100 appearances so far for the Red Devils.