West Ham and Tottenham have both been linked with the former Ipswich player, who signed for Newcastle eight years ago and the Hammers are reported to be ready to offer £4million for Dyer - but Allardyce insists that is some way short of what would be considered acceptable.
"£4million is too low in today´s prices. In today´s market, for a player like Kieron Dyer who is 27-years-old, a top, top player in the Premier League and an England international. It´s a gross under valuation by West Ham," he told Sky Sports.
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