Manchester City have tabled an official bid for West Ham captain Declan Rice.
talkSPORT understands the offer is worth £90million and is set to be rejected by the Hammers.
West Ham are holding out for £100m for the midfielder.
Arsenal have already had two bids for Rice rejected – the latest an initial £75m with a further £15m in add-ons.
Man City’s proposal is understood to be £80million up front with a further £10m in add-ons.
With West Ham set to rebuff City’s opening offer, Arsenal are readying a third bid which they hope will be enough to land Rice.
The 24-year-old is in high demand this summer after Hammers owner David Sullivan told talkSPORT his Europa Conference League final-winning performance would be his last game for the club.
City have turned their attention to Rice after losing captain Ilkay Gundogan to Barcelona on a free transfer.
They have already agreed a deal to sign Mateo Kovacic from Chelsea and Pep Guardiola wants another midfielder – with Rice identified as the ideal man.
talkSPORT understands that Arsenal remains Rice’s preferred destination and Gunners boss Mikel Arteta is hopeful he will get his top target.
But with treble-winning City making their move, it’s set to be an intense battle for his signature.