It is close to double what they paid for him.
Manuel Pellegrini, the West Ham manager, outlined his determination to keep the Austria forward at the London Stadium but Arnautovic's brother Danijel, who acts as his representative, issued a statement saying that the player wants to leave.
Shanghai SIPG are the side said to be interested and have reportedly offered a wage packet of £200,000 per week over a four-year deal. He wants to go to a new market and challenge for titles.
'Now West Ham have a fantastic offer.
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West Ham United instantly released a statement stating that Arnautovic is not up for sale, but some Hammers fans are not happy with Arnautovic's willingness to leave the club he joined for in 2017 for £20m from Stoke City, and some fans are happy to let the Austrian leave providing they can get a decent fee for him.
West Ham are now operating without creative playmakers Manuel Lanzini, Jack Wilshere and Andriy Yarmolenko due to injury, and although Samir Nasri has come in to help in their absence, the Chilean is looking for further signings, not just to add quality to his ranks, but also depth too.
The Blues are said to be in the hunt for AC Milan striker Gonzalo Higuain and Bournemouth forward Callum Wilson as they look to replace the misfiring Alvaro Morata but former midfielder Steve Sidwell believes Arnautovic could serve as a more cost-effective option for the club.
'I am sure his head will be in the game against Arsenal and it will not affect his performance'. "We know that we have a very good player in Marko, a lot of clubs may want him to play for them". But in some moments every club can sell some players, bring in another one and it's part of the process that you are doing to grow, so we cannot just talk about one name. I don't think they will go.
"Jack Wilshere, I know him from when he first came in at Arsenal".