The Sunday People claims Reds bosses want to cure their attacking problems by landing the Welsh star from La Liga giants Real Madrid for a fee in the region of £90 million - which would break Bale's own world record.
The former Southampton prodigy's time in the Spanish capital has been mixed and he is still struggling to win over a section of Madrid's fans.
Now according to the newspaper, the Red Devils are reportedly ready to offer him a return to the Premier League and Madrid may be willing to cut their losses and recoup the money they paid out to Tottenham Hotspur back in 2013.
Links are obvious
Links between Louis van Gaal's side and Bale are obvious given United's struggle to find goals and provide entertainment in recent games.
The club's uncharacteristic goal drought continued with a 0-0 stalemate at Crystal Palace on Saturday.
It was the Old Trafford side's third 0-0 draw in a row and has sparked unrest among an expectant fanbase.
The Red Devils are still fourth in the Premier League table, though, a full 10 points and 11 places better off than the team that probably need Bale more than United, reigning champions Chelsea.
Is Chelsea's need more acute?
The Blues crashed to their sixth defeat from 11 league games so far this season when they were beaten by Liverpool 3-1 at the weekend.
It was Jose Mourinho's third defeat in a week after losses at Stoke City in the League Cup in midweek and West Ham in the league before that.
Chelsea fans have been highly critical of the club's lack of transfer activity over the summer and many feel a marquee signing was needed to continue the momentum from their convincing title triumph last season.
Barcelona bench warmer Pedro was the biggest signing, though, and Mourinho could now set his sights on Bale for fear of falling even further behind the likes of United come January.
Chelsea's need is certainly more pressing with even Champions League qualification looking difficult given their terrible start to the season.