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Wan-Bissaka and Bailly aren't part of Ten Hag's rebuild, with Man United hoping to sell the pair of defenders in permanent transfers.
Though they won't rule out a loan option - providing it comes with a serious option or obligation to buy, according to Sky Sports and Fabrizio Romano.
Manchester United are prepared to let Eric Bailly and Aaron Wan-Bissaka leave this summer. It depends on the proposals but both have chances to leave the club, as expected. 🔴 #MUFC https://t.co/zPgpPklaVc— Fabrizio Romano (@FabrizioRomano) May 19, 2022
Wan-Bissaka, who joined the Old Trafford outfit from Crystal Palace for £45 million, lost his place to Diogo Dalot after Ralf Rangnick was appointed.
However, he featured heavily under the previous regime - playing 35 Premier League games in his debut season at the club and 34 league games the following campaign.
Palace are thought to be considering a move for their former player ahead of the summer transfer window.
As for Bailly, he played just seven games in all competitions last season in an injury-hit campaign.
The Ivorian has been at Man United since 2016, with the 28-year-old deemed surplus to requirements.
Ten Hag's Man United rebuild also consists of drafting in new talent, with the likes of Frenkie De Jong and Lisandro Martinez linked with a move to the Premier League.
The 52-year-old appears set to include Cristiano Ronaldo in his plans ahead of the 2022/23 season, describing the 37-year-old as a 'giant' player.
Speaking after Ajax's final game of the season on Sunday, he said: "From tomorrow, my focus will be on United, and I will of course get deep into things there.
"What I have to say about it is, the detailed analysis still has to begin, I still have to work with the team, but let me be clear that at United there are a lot of good players around.
"We have to make them function as a team but definitely Ronaldo, he is a giant."
The Dutchman is expected to watch his new side's final league game of the season and could even take it in from the stands of Selhurst Park.