From The Telegraph:
Manchester United and Chelsea will watch Parma defender Matteo Ferrari against Juventus on Sunday as Sir Alex Ferguson joins the race to sign the player who could be the biggest bargain of the summer.
Ferrari, 24, who has recently won a place in the Italy team and is expected to make the Euro 2004 squad, is one of a group of promising Italians who are being auctioned off by Parma at the end of the season to service the Serie A club's crippling debt.
Though Ferrari was sold for £4 million when he left Inter for Parma in the summer of 2001, he has since made his international debut and become an integral part of his club's side.
When Parma host Juventus at the Ennio Tardini stadium tomorrow there will be a collection of England's richest clubs watching the defender.
Ferrari, who has eight international caps, has an Italian father but was born in Algeria, where his mother comes from, and grew up in Italy.
The clear-out at Parma, football's biggest financial meltdown since Fiorentina went bust two years ago, will also see the sale of some of their other coveted young talent. Blackburn made an attempt to sign the Australian international Marco Bresciano in January, and agreed a fee of £2 million for a player who cost Parma £8 million two years ago, but the Italian side pulled out of the transfer.