The Palace will hold a £50m guarantee for the 21-year-old England international defender, who has three years in the contract with Selhurst Park.
It is understood that United had an initial offer of £35m with additional payments totaling £ 15m, rejected but made no further offerings on Monday afternoon.
Ole Gunnar Solskjaer wants to bring the players quickly this summer as he seeks to build his squad for the new season.
The Palace is not under pressure to sell Wan-Bissaka, who had 39 wins in all competitions last season when the Eagles finished 12th in the Premier League.
Wan-Bissaka is currently in the U21 European Championship in Italy, but Aidy Boothroyd will not stop him from completing the formalities for a move to United if they make a deal with Crystal Palace.
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