Portuguese newspaper A Bola reports that Porto are ready to cash in on the midfielder in January.
The 26-year-old is nearing the end of his contract and have been linked with the likes of Juventus and Inter Milan over the summer.
United boss Moyes have joined the race and is ready to make a cut price move for the midfielder in January.
Fernando has yet to make his Brazil debut and is close to winning Portuguese citizenship.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?