Rice is worth more than 150 million dollars and will not be sold for less than that.
The Hammers boss is not willing to sell Rice, despite reports that he is a target for both Manchester United and Chelsea.
The first thing to say is that he is not for sale.
If you are interested, it will be north of that because he is not for sale.
The Hammers are seventh in the league and only the top four will qualify for next season's European competition.
Rice was capped 29 times by England and played in all seven of their matches at the Euro 2020 as they lost to Italy.
The Hammers would take a similar stance to keep Rice if they received another bid, as they did for Harry Kane last year.
I look at what Spurs did with Harry Kane in a different way.
If someone wants to pay the price, we would probably do it. He is not going anywhere if they don't. They have kept him.
The football clubs have the contracts and are in charge.
There will be times when players have the power, but at the moment we have got Declan on the best part of a three-and-a-half-year contract - just like Spurs have got Harry Kane on a contract and they control what happens.