The Premier League pair have been strongly linked with the Croatian ace in recent months, after being impressed by his consistent La Liga showings.
Rakitic was one of only a few stars to stay at the Ramon Sanchez Pizjuan Stadium after Sevilla missed out on European qualification last term, while the likes of Alvaro Negredo and Jesus Navas moved on.
Despite being one of the Spaniards’ key men, he now looks set to be sold to Atletico.
The high-flying capital-based club are ready to lure the playmaker away from their rivals, and are confident of beating both Chelsea and United to his signature.
Reports suggest that a deal has been agreed between Atletico and Rakitic, and that the player himself is keen to be a part of Diego Simeone’s revolution at the Vicente Calderon.
The English duo could still move for the midfield ace – who has netted nine goals already this season – with Sevilla likely to be more open to selling to a foreign side.