Manchester City are preparing a formal offer to West Ham for Declan Rice.

Arsenal are also pursuing Rice and have had two bids rejected with the latest one worth $115 million.

City were waiting for Ilkay Gundogan to decide his future before pursuing Rice. Gundogan signed with Barcelona this week.

Arsenal were confident that Rice wanted to move to Emirates Stadium but City will test that confidence, especially given they can tempt West Ham with a player-plus-cash deal.