Arsenal have launched a £105million bid to land West Ham skipper Declan Rice – although their London rivals are seeking a faster payment structure before accepting the offer.

The PA news agency understands Arsenal’s third bid, which would see Rice become the most expensive British player of all-time, was made on Tuesday.

It is believed to be a £100million offer with £5million in add-ons, eclipsing Arsenal’s record transfer as the Gunners aim to fend off interest in Rice from Premier League champions Manchester City.

However, it is understood West Ham are unhappy with the payment structure put forward but are looking to negotiate rather than dismiss the offer out of hand.

Arsenal have already had two bids knocked back for Rice, who they have admired for a long time, while City are also now making moves to sign the 24-year-old.

Things have gone much smoother for Arsenal in their pursuit of Germany forward Kai Havertz.

With a deal agreed with Chelsea, Havertz underwent a medical over the weekend and is expected to be announced as an Arsenal player within the next 24 hours as footage of his arrival video was leaked on social media.

Meanwhile, a move for Ajax full-back Jurrien Timber is still being worked on as Arsenal aim to improve on a squad that finished second last season.