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Arsenal And West Ham Reach Agreement Over Declan Rice Transfer Fee And Payment Plan

Arsenal and West Ham United have finally reached an agreement on a transfer fee and payment plan for Declan Rice. Rice will cost Arsenal at least £100 million.

Robert Summerscales

Arsenal And West Ham Reach Agreement Over Declan Rice Transfer Fee And Payment Plan
Arsenal And West Ham Reach Agreement Over Declan Rice Transfer Fee And Payment Plan /

Declan Rice is set to be officially confirmed as an Arsenal player later this week following a major breakthrough.

Arsenal and West Ham United had been locked in negotiations over a transfer fee and payment plan for the 24-year-old England midfielder.

But an agreement has finally been reached, according to the Daily Mail.

Arsenal will pay West Ham a guaranteed sum of £100 million plus a potential further £5m in performance-related add-ons.

Much of the haggling had been over how Arsenal would pay that initial £100m.

But the two clubs have reportedly now settled on a plan that will see Arsenal hand over three installments across 24 months.

Declan Rice pictured playing for England against France at the 2022 FIFA World Cup in Qatar
Declan Rice pictured playing for England against France at the 2022 FIFA World Cup in Qatar :: IMAGO/Uwe Kraft

It is understood that Rice and Arsenal have already agreed personal terms.

Rice is expected to sign a contract worth at least £250,000 per week.

He will now undergo a medical with the Gunners before being officially unveiled.

Rice's £100m transfer fee will see him become the most expensive English footballer ever.

He will also break Arsenal's transfer record.

Manchester City had briefly rivalled Arsenal in their pursuit of Rice this summer but pulled out of the running after West Ham rejected a bid worth £90m.

Rice has made 204 Premier League appearances for West Ham, scoring 10 goals and assisting another 10.

He also captained the Hammers to victory in the UEFA Europa Conference League final earlier this month in what will prove to be his last game for the club.

Rice has been capped 43 times by England, having previously represented the Republic of Ireland in three friendly matches.

READ MORE: How Arsenal XI Should Look Next Season

Declan Rice pictured playing for West Ham in February 2022
Rice will leave West Ham to join London rivals Arsenal this summer :: IMAGO/Action Plus/Shaun Brooks
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Robert Summerscales
ROBERT SUMMERSCALES

Robert Summerscales launched FanNation Futbol in February 2022. Rob is a British journalist who previously spent two years on the sports desk at the Daily Mail in London, having earlier served as editor of CaughtOffside.com. He has been to the last two FIFA Men's World Cups, in Russia and Qatar, and is looking forward to completing his hat-trick in North America in 2026.

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