Yuri Alberto is being watched by Arsenal and Manchester United. (Instagram)

Manchester United and Arsenal are both preparing bids for Santos striker Yuri Alberto, according to reports.

The 16-year-old has impressed at youth level for Santos and has been watched by several top European clubs during his appearances for Brazil’s Under-17 team.

The Sun claims that United and Arsenal have already been in touch with Alberto’s agent and the two Premier League teams will continue to monitor the forward.

Santos value Alberto at £37.5 million after the striker scored 51 goals in 32 games at youth level last year.

‘United and Arsenal are very keen on Yuri. They watched him when Brazil played in England earlier this year.

‘His agent has been contacted and told by both the Premier League clubs they will be watching him over the coming months,’ a source close to the player told The Sun.

In July, Alberto signed his first professional contract with Santos but he has not yet made his senior debut for the Brazilian club.

Juventus, Inter and Roma have also been linked with a move for the Brazilian.

MORE : Manchester United confident Marouane Fellaini will sign new contract

MORE : Zlatan Ibrahimovic set to step-up comeback by returning to Manchester United training ground on full-time basis