Treble winners Manchester City have made a formal £90m bid for West Ham captain Declan Rice.
However, Arsenal are expected to put forward a third bid for the 24-year-old England midfielder as negotiations over his future intensify.
The Gunners' offer of an initial £75m in four payments, plus £15m in add-ons, was rejected by West Ham last week.
City's offer is believed to involve an £80m initial payment but falls short of the £100m the Hammers are looking for.
Sources believe discussions around Rice are now reaching their final stages and some kind of agreement is likely.