Manchester City will not be matching Arsenal's £105m bid for Declan Rice, according to Manchester Evening News.
The Gunners saw two offers for the England international rejected by West Ham, the first of which was worth £75million, with an additional £15million in add-ons. City then officially entered the race on Monday night with a bid of their own, which was also turned down by the Hammers.
On Tuesday evening, the north London outfit upped the stakes, submitting a club record bid worth £100million plus an additional £5million in add-ons, football.london understands. That offer is said to have resulted in City pulling out of the race for the 24-year-old, a major boost to Mikel Arteta and Arsenal as they try to secure their number one target.