The Belgian is now deciding which team to join, and will reveal his decision after Belgium's international friendlies against Montenegro and England.
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"We are no longer in the negotiations stage," Hazard's agent John Bico told The Telegraph. "We have reached agreement with all parties. There will be no higher bid.
"Eden has already said he wants it to be fixed before June 2. He will decide after the Red Devils' [Belgium] games against Montenegro and England, then go on holiday with peace of mind.
"Eden is in the reflections stage and a decision will be taken quickly. Those who have come forward have a one-in-three chance [of signing him]."
The attacking midfielder has so far been non-committal with regards to who he will join and has dropped hints over the possibility of signing for all three clubs in the past.
However, Chelsea are now understood to be favourites to secure his signature, with the Manchester clubs apparently reluctant to meet his reported £200,000-per-week wage demands.
It is understood that City will only sign the player on wages worth £110,000-per-week as the club's hierarchy believe that, after winning the Premier League title, they do not have to pay over the odds to attract top players.
United, meanwhile, have similar issues over wage demands, and also the £35 million price tag which Lille are likely to demand for their player.