Wigan chairman Dave Whelan is to meet with Manchester United and Real Madrid in the next 'three or four days' to discuss the potential transfer of Antonio Valencia.
The Premier League champions are understood to have tabled a £16million cash bid for the Ecuadorian winger, while Real Madrid are also described as admirers.
An unnamed third club has emerged in the chase for Valencia, but United - who are seeking a replacement for Bernabeu-bound Cristiano Ronaldo - and Real appear to be in the driving seat.
Whelan said: "United have got a meeting with us in the next three or four days, Real Madrid have got a meeting with us in the next three or four days, and the other team have asked for a meeting."
However, the Latics supremo maintains that he will not force Valencia out of the DW Stadium in order to cash in.
He added: "We can't tell anybody where they're going to go and play.
"If Real offered £2m more than United, or vice-versa, it would depend on where the lad wants to go."
Whelan also insists that he will not be leaking the name of the third team chasing the 23-year-old, but has said that the club is not from England.
"All season Real have followed him big style, Manchester United followed him big style and there is another club who have just come in from Europe, who we were unaware of," he continued.
"I swore I wouldn't reveal the identity of the other team because they are frightened of Real or United finding out."