Interest in the PSV Eindhoven star has come from both United and Premier League rivals Liverpool as well as Paris Saint Germain, but United were originally thought to have held the upper hand due to Depay working with United manager Louis van Gaal when he was the national team head coach.
Depay flew to England last month to hold official talks with United, but he also visited Liverpool during the trip and it was claimed that the Merseyside club impressed him with their facilities, desire to sign him and their outlook for the future.
PSV’s tecnical director Marcel Brands added: “We are very proud of this upcoming transfer, which came in a huge moment. Memphis has gone through all the teams of the PSV youth academy and has played an important part in the national title this year.
“He ‘s a wonderful exponent of our training and will make a nice transition to a magnificent club in a beautiful competition. Regarding sports, we lose obviously a fantastic player, which is of great value to the team. But PSV grants him these wonderful step.”
United will pay around €30m (£22m) to sign the Netherlands international who has notched 27 goals in all competitions this season and has fired PSV to their first Eredivisie title in seven years.