The struggle remains that the Spanish giants will play UEFA Champions League football next season, whereas the Blues will not after a poor start to the campaign.
Araujo, 25, is under contract until 2026 at the Nou Camp and has a €100 million (£85.6m) price tag on his head.
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Having joined the club in 2018, the Uruguay international has always stated how he is happy in Barcelona but admitted the decision over his future will always rely on La Blaugrana’s needs.
“My future depends on the club,” he said earlier this year. “Everyone knows I’m very happy here at Barca. And I’m very grateful to Xavi.
“We are very happy with the qualification, we played a great game at home. The support of our fans was very key from the first minute.”
Manchester United are unlikely to want to spend such a fee on Araujo given INEOS’ transfer approach, but with Raphael Varane set to leave, the door is firmly open for a new centre-back to arrive.
Other targets include Jarrad Branthwaite and Jean-Clair Todibo could prove cheaper options but Araujo’s experience would be a huge boost for Erik ten Hag next season.