Arsenal have made a formal bid worth £90m for West Ham captain Declan Rice.
The fee is understood to be £75m guaranteed plus £15m in add-ons.
The Gunners had their opening £80m offer plus add-ons - which would have been paid in slow instalments with a lot of tough contingencies attached to it - rejected by West Ham, who are holding out for £120m.
Arsenal are prepared to break their record transfer fee - £72m paid to sign Nicolas Pepe from Lille in 2019 - to land Rice.
Manchester City and Manchester United are also interested in the 24-year-old.
