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Erik ten Hag could be handed a £120million transfer budget by Manchester United to rejuvenate the underperforming side this summer as the Dutchman targets Ajax stars Antony and Lisandro Martinez and Kalvin Phillips

New Manchester United boss Erik ten Hag is set to be handed a massive £120million budget to rejuvenate the side in summer, according to reports.

The 52-year-old was confirmed as the club's new manager on Thursday morning after agreeing to a three-year deal with option of an additional year and will replace interim manager Ralf Rangnick at the end of the season.

The Dutchman faces a an almighty challenge at Old Trafford as he inherits a floundering side who are set to go a fifth season without silverware and have slipped to sixth in the race for top four.