Arsenal will allow Carl Jenkinson to make his loan deal at West Ham United permanent but only if they agree to pay £10million, reports The Mail.
The right-back has been impressive for the Hammers and Sam Allardyce is keen to keep him at Upton Park beyond the current season. Jenkinson may have improved whilst on loan but the emergence of Hector Bellerin means his future at Arsenal is in serious doubt.
Arsene Wenger obviously feels that he has no place for him in his Arsenal squad and is ready to part ways. However, the big price tag will no doubt leave West Ham with second thoughts.
West Ham co-owner David Gold dropped a big hint that the club would move to sign him on a permanent basis on Twitter. In response to a question of whether Jenkinson would play against Arsenal in their upcoming Premier League tie, he said: "He will not play against Arsenal. This year. dg."
West Ham are likely to be taken aback by Arsenal's price tag but it has come down from their January evaluation of £12m. It would represent a huge profit of the £1m they paid to sign him from Charlton Athletic in 2011.
But as Jenkinson is homegrown, he comes at a significantly higher price than a foreign import would. The Premier League requires each club to have eight home grown players in their 25-man squad. The rules have led to the likes of Adam Lallana selling for £25m.
For Arsenal, Bellerin would count as a homegrown player because he has been at the club for over three-years prior to turning 21-years-old. That has given Wenger the perfect chance to cash in on Jenkinson.
Worth the money?
As previously stated, homegrown rules increase the value of Jenkinson but so has the Premier League's increase in television revenue. Thanks to the evenly split pot of cash, Arsenal are well aware of the spending power of their London rivals and want to push for every last penny.
West Ham need to build a core of English players ahead of their move to the Olympic Stadium. English players are more likely to stay longer and that promotes stability. Should Jenkinson spend the rest of his career at West Ham then the £10 million invested will be good value. He may not be of international quality, but he is perfect for what the Hammers need now.
Should Arsenal be selling one of their homegrown stars? Should West Ham agree to pay the asking price? Give us your thoughts in the comment box below!
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