According to reports, the club would accept a transfer fee of £120m from a Champions League club for the player.
However, West Ham is also open to accepting a transfer fee of £100m plus a player for Rice, as the club has already received inquiries about him.
Several top Premier League clubs, including Arsenal, Chelsea, Manchester United, and Liverpool, have reportedly shown interest in the England international, with Arsenal being the most likely destination for Rice.
Read also: Arsenal Target Rice As Arteta Calls For Major Summer Signings
Rice has two years left on his contract with West Ham, but the club has the option of extending it for another year.
However, Rice rejected the offer of a new contract worth £200,000-a-week 18 months ago.
West Ham is willing to sell Rice only if the price is right, and any proceeds from the sale would be used to strengthen the squad in the summer transfer window.
Despite their willingness to sell, West Ham has promised to respect Rice’s dream of playing in the Champions League and not stand in his way if a suitable offer is made.
Rice currently earns around £70,000 per week, and if he moves this summer, he would be expected to earn at least three times as much.
West Ham values Rice highly because they believe he is one of the best midfielders in the world, with an excellent injury record, and at only 24 years old, he has a long career ahead of him.
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