The details of his transfer have been revealed by Football Leaks (h/t Jonny Boyle of talkingbaws.com), with United having already paid £13.35 million up front to the Eredivisie side and £6.7 million midway through the campaign, and the Red Devils are due to make the same payment again this summer.
United would also have to pay over £1 million for winning the Premier League and another £1 million for UEFA Champions League success.
Depay arrived at Old Trafford with an impressive reputation after racking up 28 goals and eight assists for PSV last year, but he has struggled to make a significant impact this season.
The 22-year-old has scored seven goals and assisted six in all competitions for the Red Devils—hardly inspiring tallies but not awful by any means—but just two and one, respectively, have come in the Premier League.
Indeed, his season has largely been characterised by a number of ineffective and frustrating performances.
The Manchester Evening News' Samuel Luckhurst compared the forward to former United player Kieran Richardson, who failed to make the grade at Old Trafford:
As noted by Rob Dawson of the same source, Red Devils fans' patience with him has also worn thin at times:
What will give the Old Trafford faithful some encouragement is his slow but steady improvement in recent weeks.
The Dutchman played a starring role as United beat FC Midtjylland 5-1 in the UEFA Europa League, scoring and assisting one apiece and showing some delightful moves, per BT Sport Football:
Football writer Liam Canning hailed his turnaround in form:
So too has Bleacher Report's own Sam Tighe:
The forward continued his good form into the international break, providing two assists for the Netherlands on Friday against France.
He's not come close to justifying the amount United have paid for him, but if he can continue to settle at United and regain his confidence, he may become the player they were hoping for.
Over time he could well end up warranting his price tag, but it's clear he still has a long way to go—starting with a strong end to the season.