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West Ham cut off Rice talks after £83m contract offer is rejected

West Ham will not hold further talks with Declan Rice until the summer transfer window has closed after the midfielder turned down an eight-year contract worth £83m.

Chelsea and Manchester United are interested in signing Rice this summer, but the 23-year-old's contract has two years to run and West Ham have the option to extend it by a further 12 months until 2025.

West Ham offered Rice a new contract worth £200,000 per week - which would make him the highest-paid player in the club's history - but the 23-year-old has rejected all offers and is open to leaving this summer.

The Hammers would be prepared to sell Rice, who joined the club at 14 after he was released by Chelsea, for the right price in the summer of 2023 if he does not sign a new contract.

West Ham manager David Moyes has said that Rice is worth at least £150m, while reiterating the club's position that the England international is not for sale.

Sky Sports' Zinny Boswell:

West Ham are in a strong position when it comes to Declan Rice, with his deal effectively running until 2025, but it remains to be seen whether they will be able to stick to their guns when the expected bids come in.

Manchester United are in desperate need of midfield reinforcements, with Paul Pogba and Nemanja Matic leaving at the end of this season, in a position they were already short in before this season.

Gallery: Each Premier League side's club record departure (Grid)

At Chelsea, it remains to be seen when the takeover led by Todd Boehly will be given government approval, but the Blues hold a special place in Rice's heart, having supported the club and played for their academy.

Whether Chelsea will be comfortable paying in excess of £100m for a player that was once on their books

Read more on msn.com