VTB, a state-owned bank that functions as one of Russia's largest lenders, has been under U.S. sanctions since 2014.
French manager left Real Madrid in June after winning three consecutive Champions Leagues.
Pep Guardiola's men are odds-on favorite to win a second consecutive league title.
The Frenchman's agent has reportedly offered him to Barcelona.
Blues manager Maurizio Sarri has admitted he will not keep the Belgian against his will.
The Blues are determined not to lose the Belgian after failing to sign an adequate replacement.
United continue their search for a new defender, with Toby Alderweireld also on the radar.
United are set to bid for Leicester City's Harry Maguire, but could lose Anthony Martial.
Ante Rebic and Yerry Mina both on United's radar as Jose Mourinho grows frustrated at lack of signings.
Frenchman's agent said last month his client wanted to leave United over the summer.
Neymar could leave Paris Saint-Germain, while Real Madrid want Eden Hazard.
Spanish giants say reports of a world-record bid for Neymar were false.
Cristian Pavon was part of Argentina's squad at the World Cup and won two titles with Boca Juniors.
Italy international is expected to complete move in the coming days.
Chelsea are yet to name Antonio Conte's successor.
But it will cost the club more than $60 million.
Chelsea is yet to make a decision on Antonio Conte.
The club could make its first signing of the summer this week.
Real Madrid is looking to the Premier League for its new manager.