David Moyes has ruled West Ham out of the race to sign Chelsea striker Tammy Abraham, saying that a £40 million ($55 million) asking price is too high for his club. Read more about West Ham Transfer News below.

An England international striker who is searching for consistent playing time under Thomas Tuchel has had some landing spots suggested as the summer transfer window approaches.

A transfer through London has been rumored, with Leicester and Aston Villa both reported to be interested, but Moyes claims there is no way the 23-year-old would end up in the East End considering the figures involved.

When asked whether West Ham could make a £40 million bid for Abraham, Moyes told reporters: “That would rule us out. We will be disqualified. So, if that’s the figure and what’s being said, we’re gone. We don’t have that kind of money to spend on a striker at that amount. Is that the overall amount we’ve spent? It could well maybe. But you never know in this town. I don’t believe we’ll be purchasing that for any one player. If we were, I’d be shocked.”

Tuchel has acknowledged that Abraham is being dissatisfied with his lack of resources at Stamford Bridge. In Chelsea’s most recent Premier League game, he did feature a 2-0 derby victory over Fulham. He only played 14 minutes off the bench and has only made two appearances since February 20.

A fresh start could be expected. With a deal that runs through 2023, Abraham would not be cheap to any of his suitors.

West Ham may be on the verge of a cash windfall as they pursue a top-four finish and European qualification. But they must take a cautious approach to recruit.

Additions to the London Stadium are planned, especially if continental competition is added to the schedule. But Moyes seems willing to distribute his funds more thinly rather than spend out on big-money marquee additions.

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