Spanish news outlet Mundo Deportivo reckon the midfielder is set to pen a new at Barcelona.
It’s suggested both United and the Blues were monitoring his availability closely.
“Barcelona ace Ivan Rakitic has been linked with Man United and Chelsea ”
Another Spanish publication, Don Balon, claimed earlier this week that the Croatian had a fallen out with Luis Enrique.
It was reported that the Rakitic had told the Barca boss he fancied playing for Manchester City chief Pep Guardiola.
Manchester United supremo Mourinho wanted to offer Rakitic a starring role in his underperforming Red Devils side.
It was claimed Rakitic would compliment Paul Pogba and allow the Frenchman more freedom to roam.
Rakitic joined the Catalans from Sevilla in 2014 and has gone on to become one of the most admired midfielders in European football.
Despite the speculation surrounding his future, Rakitic’s agent Arturo Canales has previously claimed Rakitic is loving life at the Catalan heavyweights.
He said: “Ivan is very happy at FC Barcelona, where he has been tremendously successful and has a contract with the club until 2019.”