West Ham have confirmed captain Declan Rice will leave the club for a “British record fee” – with the midfielder expected to sign for Arsenal imminently.

The Hammers are understood to have been involved in discussions with the Gunners over the structure of a deal for the 24-year-old with the fee expected to be £105million.

“I am sorry to see Declan leave us but I believe that everyone at West Ham United should be very proud of the part we have played in his journey from the Academy of Football at Chadwell Heath to becoming the most valuable young player in English football,” joint-chair David Sullivan said in a statement.

“I would like to make it clear to our supporters that we did not want to sell Declan. We wanted to build our team around him and made a series of improved, long-term contract offers to secure his future.

“However, once Declan made it clear that he wished to move on and seek a new challenge, the club felt it would not be right to stand in his way, acting in the best interests of West Ham United.”