The 18-year-old has travelled to England to undergo a medical with United.
Rivals Manchester City are also reportedly interested in signing the youngster.
“No doubt he is a very useful player, with a good goalscoring talent,” Universidad de Chile’s assistant manager Sebastian Beccacece told Radio ADN.
“But we have to count on the players that we have available, not the ones that aren’t available.”
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.