New Manchester United boss Erik ten Hag will have a £200m budget this summer and has already got to work to create a four-man transfer shortlist.

The Lowdown: Ten Hag announced

The Red Devils finally announced the Dutchman as their new manager on Thursday morning.

Ten Hag was confirmed as Ralf Rangnick’s replacement from the end of this season, signing a deal through to June 2025 with an option of a further year.

The 52-year-old previously demanded to be 100% involved when it comes to new signings, and he has wasted no time by already having four possible marquee additions in mind.

The Latest: Four mega targets

The Mirror shared a story regarding Ten Hag and Manchester United shortly after the announcement, claiming the Red Devils will give their new manager £200m to spend ahead of his first season in charge.

Up to 12 players could leave the club, with Ten Hag placing Harry Kane, Declan Rice, Darwin Nunez and Ruben Neves at the top of his wishlist.

The Verdict: Rebuild begins

Plenty of change is needed at Old Trafford ahead of the 2022/23 campaign, but getting Ten Hag confirmed prior to the summer window is a good first step.

He’ll have a huge job on his hands in what looks set to be an extremely busy summer off the pitch and it looks as if a new midfielder and forward is crucial as he gets to work already.

Paul Pogba and Edinson Cavani look set to be two players who will leave as free agents, so one of Kane or Nunez and Rice or Neves could be shrewd moves to replace the two outgoing big earners.

In other news: 'Source has told Sky Sports' - Big live TV update on another Man Utd exit.