Manchester United and Manchester City have been put on red alert after Villarreal's president confirmed that Pau Torres could leave if his release clause is met.
Torres, 24, came through Villarreal's youth academy and has since established himself as a central figure in the Spanish side's backline.
The Spanish centre-back tasted his first piece of major silverware on Wednesday as Villarreal defeated United in the Europa League final in Poland.
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Torres made 44 appearances in all competitions for Unai Emery's men amid intense transfer speculation linking him to United and City.
The Villarreal defender's current deal will expire in 2024, but his contract includes a £56m release clause.
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Villarreal president Fernando Roig has now opened up about Torres' future at the club and even 'invited' the likes of United and City to trigger his release clause.
The 73-year-old Spaniard added that the Torres move could happen so long as an "agreement between all three parties" is reached.
Roig told El Transistor: "If they arrive with the money and the player wants to move, but there must be an agreement between all three parties."
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United boss Ole Gunnar Solskjaer is keen to reinforce his squad options in the summer and a defender is reportedly high on his priority list.
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The Red Devils are expected to commit to four signings in the window as Torres has been identified as a 'preferred target' for Solskjaer.
Torres has admitted that he could leave Villarreal in the future after learning about his teammates' experiences of playing for other clubs.
The Spain international told Sport last month: "Players who have gone through important clubs, when they talk about an experience they have had, I like to listen to them, both Paco Alcacer and Raul Albiol or Alberto Moreno.
"They tell you things that you have not yet experienced and that you think you would like to experience."
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