Man Utd and Chelsea have been warned Erling Haaland’s £64million transfer could actually cost more than a QUARTER OF A BILLION pounds.

The Norwegian is set be the hottest property in the summer transfer window – but his wages and Mino Raiola’s agent fee may mean the buying club have to cough up more than £250m.

He has a cut-price £64m release clause that kicks in at the end of this season.

But Timo Werner’s agent Volker Struth reckons Haaland will be nothing like the bargain some people seem to think.

He told Bild: “Haaland has a release clause. The entire package with five-year salary and commission for the agent will probably be on the border of €250-300m [£254million].

“Even if Bayern Munich had the money, they would not do it. All hell would break out if a player in Germany [was paid] €50million.”