The club confirmed on their official website that the England international has signed a five-year contract after passing a medical.
Defender Rio Ferdinand has lauded the signing, saying via his Twitter account: "Welcoming Ashley Young to Manchester United, another top, hungry and young player joins the ranks."
"He has become an important player in the England team during that time and I'm sure he will be looking forward to this new challenge."
The winger is the club's second signing of the summer after the transfer of young defender Phil Jones from Blackburn Rovers.
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