Milenkovic, 23, has been linked with a move to the Red Devils as Ole Gunnar Solskjaer tries to bolster his defense.
The Serb is likely to cost around £ 30 million, although that number could rise if other clubs start a bidding war.
Seville center-back Jules Kounde has been linked as well as Milenkovic but the former could cost in the £ 68m region.
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