• Holland international’s fee could rise to £21.7m with add-ons • Initial fee is half of what United paid PSV for Depay in 2015

Manchester United have agreed to sell Memphis Depay to Lyon for around €17m (£14.75m), with the fee potentially rising to €25m if a series of add-ons are triggered.

United have structured the deal with the Ligue 1 club to include buy-back and sell-on clauses. Lyon qualifying for the Champions League and Depay being offered a fresh contract by the French club are among the add-ons that will raise the price for United.

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Even if all of these are reached United accept there will still be a small loss on a player who cost €34m from PSV Eindhoven in May 2015. However, Depay was guaranteed to earn a minimum of around £75,000 a week until June 2019 so the club are content this sizeable salary is to be removed.

Depay was bought in May 2015 by Louis van Gaal, United’s previous manager, who had given him his Holland debut.

Depay had been the Eredivisie’s top scorer in 2014-15, the forward’s goals a key factor in PSV’s title win. On signing Depay said: “It’s been an exciting and hectic period and to have had to choose between so many top clubs doesn’t make it any easier.

“Manchester United is an absolute dream club so I didn’t need any convincing about the quality of the guys already there.”

A number of clubs, including Liverpool, were interested in acquiring Depay at that point but United have found it a challenge to sell for an acceptable fee a player who has disappointed. In his season and a half at Old Trafford Depay has never established himself, making 16 Premier League starts and scoring twice.