The supply contains an preliminary payment of £100m and an extra £5m in add-ons, which might make Rice the costliest British participant in historical past.

The document was beforehand held by Gareth Bale, who left Tottenham for Real Madrid for £85m in 2013, till Jude Bellingham moved to the Bernabeu from Borussia Dortmund for an preliminary £88.5m earlier this month.

The Gunners have already had two affords turned down for Rice, whereas Manchester City have had one rejected. City’s supply of a £90m bundle, with £10m of it paid in add-ons, was rebuffed by West Ham on Tuesday morning.

Rice has indicated a desire to maneuver to Arsenal this summer season, the place he could be a key a part of Mikel Arteta’s undertaking.

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The probability to play for Pep Guardiola’s Treble winners will probably be enticing, although, and City are available in the market for brand spanking new midfielders after captain Ilkay Gundogan joined Barcelona for free.

City have already signed Chelsea midfielder Mateo Kovacic as a part of a deal that might finally be price £30m.

Signing Rice is a part of an enormous recruitment drive by Arsenal this summer season and they're additionally near wrapping up a £65m deal for Chelsea ahead Kai Havertz.

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The German underwent a medical in Spain, the place he's on vacation, over the weekend and is about to signal a long-term cope with the Gunners. Havertz will put on the No29 shirt, as he did at Chelsea and Bayer Leverkusen.

Arsenal are additionally engaged on finishing a deal for Ajax defender Jurrien Timber after having a gap supply of £30m rejected. Talks are ongoing between the golf equipment with the hope being {that a} payment could be agreed at round £40m.

Timber is happy by the prospect of working below Arteta and sources within the Netherlands state that private phrases have been agreed in precept. Timber will supply competitors for Arsenal at right-back and within the coronary heart of defence.