Despite West Ham's efforts to extend Rice's contract, the player has turned down multiple offers, leading to speculation about his departure. David Moyes, the head coach of West Ham, has acknowledged that Rice has a "good chance" of leaving this summer. While West Ham faces the risk of losing their highly sought-after captain for free in 2024, they are reportedly demanding £100 million for a transfer in the current window.
Although Arsenal has been seen as the frontrunner in the pursuit of Rice for the past few months, other clubs such as Bayern Munich, Manchester City, Manchester United, Liverpool, and Chelsea have also shown interest. Financially, Arsenal might face challenges in competing with some of the other suitors, but they have apparently taken a significant step forward in securing Rice's signature by agreeing to personal terms.
However, the report suggests that Rice still wants West Ham to be fairly compensated for his departure, and Arsenal is yet to reach an agreement on a transfer fee with their London rivals. Formal talks between Arsenal and Rice have not commenced yet, as the Gunners are waiting for West Ham's involvement in the Europa Conference League final against Fiorentina to conclude before intensifying their pursuit.
The uncertainty surrounding a potential takeover at Manchester United could harm their chances of signing Rice, while Liverpool might hesitate to meet West Ham's high asking price. Bayern Munich could also be discouraged by the demands of West Ham, but there are reports of a positive meeting between Rice and the Bundesliga champions, who may now consider making an official offer after receiving approval from their manager, Thomas Tuchel.
Rice has expressed interest in playing in the Bundesliga, and this development could impact Arsenal's pursuit of him. Bayern Munich is also reportedly considering a move for Granit Xhaka, who Rice could potentially replace at Arsenal as the Swiss captain is expected to end his seven-year spell with the club. Although Bayer Leverkusen is believed to be leading the race for Xhaka, a potential hijack from Bayern Munich could alter the dynamics of the transfer market, potentially affecting Arsenal's chances of securing Rice's signature.
Throughout his time at West Ham, Rice has contributed 15 goals and 13 assists in 244 appearances, including five goals and four assists in the current season across 49 matches.
