The Sunday Express reports that Ferguson is ready to use half of that on Robin van Persie and the other half is set to be offered for Brazilian starlet Lucas Moura.
United face competition from Manchester City and Juventus in the chase for Van Persie.
Inter Milan have joined the race to sign young Brazilian Lucas Moura this summer. Brazilian side Sao Paulo are reportedly demanding close to £30million for the highly-rated midfielder.
United boss Sir Alex Ferguson has already spent £23million this summer on Shinji Kagawa and Nick Powell, but is keen to bring in at least two more new players this summer.
