Manchester United have reportedly agreed a deal worth around £70m per year with global sports brand Adidas.

The former Premier League champions have been in talks with new potential manufacturers, as well as current partners Nike, for some time.

Nike had the right to match any offer presented to the Red Devils, but the sportswear giants confirmed last week that they will not extend their contract, which expires at the end of next season.

A statement from Nike suggested that the two parties could not agree on a valuation, but it appears that United have been successful with Adidas.

According to the Daily Mail, the North-West outfit, who will be led by new manager Louis van Gaal next season, will announce this afternoon that they have secured a record kit deal with Adidas.

Nike have been partnered with United for the last 12 years.