Including add-ons, the central defender will end up costing them £55.3 million.
Martinez is about to agree to a five-year, £120,000 weekly deal.
After Christian Eriksen and Tyrell Malacia, he is United's third summer acquisition.
Manchester United has announced that it and Ajax have come to terms on a £55.3 million deal for Lisandro Martinez.
The 24-year-old center defender from Argentina, who arrived in the UK on Friday to finalize the transfer, still needs to get a medical and a visa.
United, on the other hand, doesn't foresee any issues, and the transaction is anticipated to close soon.
After reaching a deal, Lisandro Martinez will play for Old Trafford's Man United.
After working together at Ajax, he will soon see Erik ten Hag again.
Martinez will cost United an initial £46.8 million plus a further £8.5 million, making him the second-most expensive defender in the team's history behind Harry Maguire. He will sign a five-year contract with the possibility of an additional year at £120,000 per week.
On Sunday, the two clubs made it official that a sum had been agreed upon, allowing Ajax to inform the Amsterdam Stock Exchange.
'Manchester United is thrilled to announce the club has reached agreement with Ajax for the signing of Argentine international defender Lisandro Martinez, subject to medical approval, completion of player contracts, and UK visa procedures,' read a club statement from United.
Martinez joins Christian Eriksen and Tyrell Malacia as United's third summer additions.
Behind Harry Maguire, Martinez is now the second-most expensive defender in United's history.
After relocating from South America in 2019, he played for Ajax under the direction of the new United manager Erik ten Hag. During his three years in Amsterdam, he won two Eredivisie championships and the Dutch Cup.
After failing to sign his Ajax teammate Jurrien Timber earlier this summer, United made a play for him.
The Dutchman decided to remain in Amsterdam because he was worried about not getting enough playing time before the current World Cup.
Martinez was once a target for Arsenal, but the Red Devils rapidly outbid them for his services.
United has already made a left-back signing. During the summer, United has already signed left-back Tyrell Malacia from Feyenoord. This summer, Tyrell Malacia, a Feyenoord native
Additionally, after Christian Eriksen's tenure at Brentford came to an end, United added him on a free transfer.
Martinez notified Ajax that he wanted to transfer to the Premier League club, and it appeared that his dream would soon come true as United quickly pulled ahead of the Gunners in the race.
At Old Trafford, Martinez will be one of four senior center backs, along with Harry Maguire, Raphael Varane, and Victor Lindelof.
He is the sole left-footed member of the group, which might help ten Hag's back line be more evenly matched.
For Eric Bailly, Phil Jones, and Axel Tuanzebe, United is open to bids.
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