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West Ham will reject a loan bid from FC Schalke for striker Lucas Perez before the transfer deadline, Football FanCast can confirm.

The Irons have thus far adopted a stance that they will not loan out any first-team players in this transfer window.

A BBC report claimed on Wednesday that the German club had lodged a loan offer for Perez, who has struggled for minutes thus far this season in east London.

However, the Irons would prefer to receive a transfer fee for Perez and value him at around £4million.

Perez has played 10 times in the Premier League, per Transfermarkt, but has yet to complete 90 minutes under Manuel Pellegrini in the top flight.

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Nevertheless, Football FanCast understands the club intends to retain Perez as cover for Marko Arnautovic, who recently signed a new contract at the London Stadium, and Javier Hernandez.

Andy Carroll is injury-prone and as we exclusively revealed earlier this month, would likely be allowed to leave if a deadline day bid is tabled. However that appears unlikely, given his patchy fitness record and poor form when he has played.

Football FanCast also understand that Reece Oxford has been told that he can leave on loan, having failed to play a single minute for the first-team thus far this season.

It remains to be seen if an offer will be forthcoming that suits his needs, however.