Manchester City pull out of Declan Rice transfer race following £105m Arsenal bid

Manchester City has withdrawn from the race to sign West Ham player Declan Rice after Arsenal made a third bid of £105 million.

West Ham rejected City’s £90 million proposal for England midfielder on Tuesday after the Premier League champions proposed £80 million upfront plus £10 million in add-ons.

Pep Guardiola’s side, meanwhile, has opted not to match or surpass Arsenal’s £105 million proposal for Rice, with the Gunners proposing a £100 million initial fee plus £5 million in performance-related add-ons.

City is continuing their strategy of not paying more than its own valuation on players, even if it means losing them to a Premier League competitor, by withdrawing from the race to sign Rice.

Examples include Harry Maguire when he joined Manchester United and Jorginho and Marc Cucarella when they both joined Chelsea – all of whom they wanted but felt comfortable walking away when the price became too high.

Rice has been Arsenal’s main target this summer and the player prefers to play with the Gunners.

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