Arsenal and Manchester City have been trying to sign Declan Rice for quite some time. Both teams have made formal offers for the player recently. But neither has been able to get a deal done for the player. With that being said, the player has been awaiting who will come and get him. And the Hammers have been trying to start a bidding war.

A war that will help their cause, as they can make maximum money from their priced asset. However, it seems now, that this will not be happening, based on a latest update!!

The update came out on Wednesday morning via a reliable City Twitter account. And this brought joy to the RED side of London for sure!!

The Latest Update On The Declan Rice Deal; With Arsenal And Manchester City Trying To Sign Him!!

Both top teams from the Premier League want the player. That is the message that they were giving in recent times. However, it was still not clear which team would end up signing him.

Despite that, there could be some clarity now. And the Gooners across the globe will be delighted with this update!!

BREAKING: #ManCity have pulled out of the race to sign Declan Rice.

[via @Jack_Gaughan]

— City Xtra (@City_Xtra) June 28, 2023

Arsenal are working on the structure of the deal after £100m plus £5m add ons official bid submitted on Tuesday night for Declan Rice. 🚨⚪️🔴 #AFC

Arsenal and West Ham, in contact to discuss payment terms, installments and more details.

Manchester City have LEFT the race. pic.twitter.com/qG5TE3Fh9x

— Fabrizio Romano (@FabrizioRomano) June 28, 2023

Well, if this update is to be believed, then Arsenal have the advantage now. This should clear the path for them to sign Declan Rice. Whether they stick to the old terms now or that changes, remains to be seen!!

And they can get a deal done quickly. And add the player to their pre-season squad once everything is done. This will be a huge boost for the Gunners, who generally take longer to make their move in the transfer market. If everything works out, it will be the perfect scenario for Mikel Arteta and co.

What Next With Regards To The Deal That Could Possibly Be The Biggest Transfer Of The Summer Transfer Window!?

As per the third bid made by the North London outfit, £100m will be paid as the fixed amount. And £5m will be the add-ons. These include multiple conditions and criteria. West Ham will not be bothered with that small sum too much, when they are selling their big fish for a huge payout!!

The West London outfit want to get on with their transfer business too. They want to some additional reinforcements ahead of the new season. And don’t want to waste the entire summer window negotiating for Declan Rice.

With that being said, Arsenal fans will be finally relived to know that they can sign the player. Unless some other club jumps in and does another sabotage, this deal should be done really soon. It will be interesting to see how fast things can be done from this point on.

Last time Chelsea came in and hijacked the Mudryk deal. However, at this point in time, there does not seem to be any other club too keen on Rice. And this could help Arsenal get their man and fast!! Let’s hope for the best for the Gooners across the globe!!