As the team releases a statement to confirm the conclusion of their first summer business, the most recent Manchester United transfer news

Manchester United’s summer transfer window kicks off with the announcement of their inaugural deal: the permanent transfer of full-back Alvaro Fernandez to Benfica. Fabrizio Romano on X: " Benfica will pay €6m to Man United for Alvaro  Fernandez if he plays 50% of the games as starter until June. If it doesn't  happen, Benfica will still have an option to buy for €6m. Man United have  sell-on clause, matching rights and buyThe Portuguese club exercised their option to buy following Fernandez’s standout loan spell, where the 21-year-old made 16 appearances under Roger Schmidt’s guidance, aiding Benfica’s runner-up finish in Liga Portugal.

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The confirmation of Fernandez’s departure came through a formal statement from Manchester United, wishing him well for his future endeavors and expressing their intent to monitor his progress closely. In return for the talented defender, Benfica has reportedly paid an initial fee of £5 million, potentially rising to £7.5 million with add-ons.Man Utd defender Alvaro Fernandez set to end Granada loan and join Benfica  - Limerick Live

Despite never featuring for the senior team at Old Trafford, Fernandez’s journey in the United ranks has been notable, with 62 appearances for the club’s academy sides. His loan spells at Granada and Preston North End, where he earned accolades as Young Player of the Season, showcased his potential.Álvaro Carreras - Player profile 23/24 | Transfermarkt

United ensured their interests were protected in the deal, including a buy-back clause and a sell-on fee, indicative of their strategic approach to player departures.One step Alvaro Fernandez needs to take to crack Manchester United first  team Such arrangements mirror their approach with other outgoing talents, underscoring the club’s commitment to nurturing talent while safeguarding future prospects.