Declan Rice is set to become Arsenal's second-highest player if the Gunners are able to sign the West Ham midfielder, according to reports.
Arsenal took a significant step in the race to land Rice's signature after Manchester City stuck a pin in their pursuit on Wednesday morning.
Pep Guardiola was reportedly unwilling to match the north London side's £105 million bid, putting Mikel Arteta in pole position to secure the 24-year-old's services.
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Providing an update on the situation, transfer expert Fabrizio Romano tweeted: "Arsenal are working on the structure of the deal after £100m plus £5m add ons official bid submitted on Tuesday night for Declan Rice.
"Arsenal and West Ham, in contact to discuss payment terms, instalments and more details."
But with Arsenal widely expected to reach an agreement with the Hammers, how much is the England international expected to earn at the Emirates?
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Rice contract offer 'revealed'
Rice has 'verbally agreed' personal terms with Arsenal ahead of a potential summer move, it has been claimed by Football Insider's Fraser Fletcher. While he has been tipped to become one of the club's top earners.
According to a report from the Daily Star last month, it is believed the player currently earns £60,000-a-week at the London Stadium, with his salary expected to quadruple to £240,000-a-week at Arsenal.
The increase would see him become the Gunners second-highest paid player behind Gabriel Jesus, according to Spotrac.
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In the meantime, Arteta is on the brink of completing a £65m deal with Chelsea to sign Germany international Kai Havertz, with Ajax defender Jurrien Timber also close to a move.
Topics: Arsenal, Declan Rice, Gabriel Jesus, Mikel Arteta, West Ham United, Football, Premier League