West Ham have been urged to accept an offer of £70million from Arsenal from Declan Rice this summer, despite it being £30m less than the Hammers want for the midfielder.

Former Aston Villa striker Gabby Agbonlahor feels that  £70m would be a “realistic” for the England star, especially giveb that he will be out of contract next summer.

Indeed, Agbonlahor claims that it would be “really bad business” for the London Stadium club to reject that sort of figure and just allow the 24-year-old to walk away for nothing in 2024.

Rice has made no secret of his wish to play Champions League football, which is guaranteed at The Emirates next season.

The midfielder, who currently earns around £60,000-a-week at West Ham, has remarkably played every minute of every Premier League game for the Hammers this term.

And with his value to the club obvious for all to see, David Moyes has previously stated that it will take a British transfer record to convince West Ham to sell.

However, Agbonlahor is not convinced that Mikel Arteta’s men will be willing to bid as high as £100m.

£70m a fair price for Rice

He told Football Insider: “I don’t think Arsenal will pay £100million. £70million is more realistic for someone with a year left on their contract.

“West Ham are in a tough predicament. If they turn down that bid of £60-70million and Rice leaves on a free a year later – it’s really bad business.

“They are a club who can use that revenue after spending so poorly this season.

“£70million would be a fair price considering his situation at West Ham.”

The Gunners will be back in the Champions League for the first time since the 2016-17 campaign and know they will need to stronger squad to compete both domestically and in Europe.

However, it appears that their Premier League title challenge is collapsing before their very eyes.

A recent poor runs of results has seen Manchester City leapfrog them at the top of the table, with Arsenal back in action on Tuesday night when they host Chelsea.

A victory over their London rivals will see them hit the summit again, but City still have a game in hand in the title race.

As for West Ham, they have the daunting task of heading to City on Wednesday night still in desperate need of points to avoid the drop.

READ MORE: Tottenham urged to complete unbelievable hijack of priority Arsenal signing to turn North London rivalry on its head

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