Hernandez is a target for the Spanish league leaders.
There are expected to be a number of departures from Manchester United this summer and Javier Hernandez could be the first to go as Atletico Madrid close in, according to the Metro.
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The striker has become increasingly frustrated at Old Trafford since David Moyes took over as manager, due to the amount of game time the Mexican is getting.
Hernandez has started just 11 matches in all competitions this season and has completed 90 minutes on five of those occasions, with Wayne Rooney, Robin van Persie and Danny Welbeck all apparently ahead of the 25-year-old in the pecking order.
Atletico are monitoring the situation and may look to capitalise, as they are likely to have to replace top-scorer Diego Costa this summer as a host of top European clubs close in.
Costa has a release clause in his contract – thought to be around £32m – that many sides would be willing to pay for a player who has scored 33 goals in 43 matches in 2013/14.
Therefore despite the fact that Atleti currently top La Liga and are through to the semi-finals of the Champions League, they are still likely to lose some of their best players at the end of the campaign.
As for United, their disappointing first term under Moyes means that there is set to be an exodus of current players from the Theatre of Dreams, of which Hernandez is one.
Club captain Nemanja Vidic has already agreed to join Inter Milan and is expected to be followed out of the door by fellow defensive veterans Patrice Evra and Rio Ferdinand, whist Shinji Kagawa, Nani and even van Persie have also been linked with moves away.