Fred joined the Ukrainian giants back in 2013 from Internacional, since then he has featured regularly for them and helped them clinch 2 domestic league titles, two domestic cups and two super cups.
The club announced on Tuesday that it had reached an agreement with the 25-year-old and the deal is expected to be completed this week.
At around 5 ft 7 inches, Fred is a dynamic box to box midfielder who should improve United's tempo going forward.
With the signing of Fred all but confirmed, Manchester United are off to a very positive start with regards to their summer transfer dealings.
Manchester United manager, Jose Mourinho, has predicted that the Super Eagles of Nigeria will qualify in Group D at the 2018 World Cup in Russian Federation.
Novak Djokovic Falls at the French Open
How hard is it to accept defeat in such good grace in the same manner as you can accept victory? 'I need to - I don't know. The 10th seed produced a clinical performance to down Kasatkina 6-3, 6-1 on Court Philippe Chatrier, firing 17 winners.
"Official club announcement in due course". That was when coach Jose Mourinho came into action.
Manchester United boss, Jose Mourinho had spoken of a Brazilian arriving at Old Trafford in the coming season, insisting that every team needs the flair and finesse of a Brazilian.
Instead, the most likely scenario will be Pogba lining up in his favoured left-sided central midfield role with Fred on the right and Nemanja Matic sitting in between them.
"It's very hard, I don't want to be emotional but I have to be", said Mourinho.
"Fred is a really good player", says Dmitry Nedaivozov, who heads Shakhtar's London Supporters' club, "though I'm not sure he is good enough to be a Man U player".
"He is a wonderful player", the former world footballer of the year said.