Atletico Madrid will reportedly accept a £20m bid from Manchester United for defender Miranda in the January transfer window.
The Red Devils are in the market for a centre-back, with both Borussia Dortmund's Mats Hummels and Athletic Bilbao's Aymeric Laporte remaining heavily linked with big-money moves to Old Trafford when the transfer window reopens.
However, according to the Daily Star and Spanish news portal Fichajes, United have now reignited their interest in Miranda and are confident they can seal the deal in January, with an offer around £20m.
The Brazil international has a purported £24m release clause in his contract but the reports claim the Red Devils now believe they can tempt Atletico to sell for a lower figure. The 30-year-old was strongly linked with a move to Louis van Gaal's side in the summer as well, though it eventually failed to materialise.
Atletico were not willing to listen to offers for Miranda in the summer but it is now understood that the emergence of young defender Jose Gimenez this season has convinced the La Liga champions to let the veteran leave.
But even if the Rojiblancos accept United's bid for Miranda, the English club might still face a tough time convincing the defender to leave Madrid for Manchester as the Brazilian has stated several times that he is happy with life in the Spanish capital.
"I think that it's normal footballers to leave the club when they have found success. Staying at Atleti was the best for me and my family. I'm very happy to be at Atleti. I love Madrid and this is a great club," Miranda had pointed out recently.
Meanwhile, United captain Wayne Rooney is confident that the club's victory at Arsenal on Saturday can kickstart their season.
The Red Devils posted their first away win of the season at the Emirates, to move into the top four in the Premier League table, thanks to an own goal from Kieran Gibbs and a late strike from Rooney.
"It's a very important victory. We weathered the storm at times, especially first half. Our goalkeeper [David de Gea] was fantastic and we hit them with two good goals. I think it's a massive result for us," the England international told Sky Sports.
"This will give us a lot of confidence, a lot of belief and it's come at the right time for us. We want to try and build a bit of momentum going into the New Year so today was a massive result in terms of starting that."