Chelsea hope that they can get the fee down to a more manageable price if West Ham are willing to do a deal that sees two of their players move the other way.
Rice played at Chelsea until being released as a teenager and then made his name at West Ham after joining the club a year later.
In the latest episode of the Transfer Window podcast, it's been revealed that Chelsea are determined to bring him back to the club but want to lower the fee.
And both players would be interested in a move to the London Stadium in a bid to get first team football. Loftus-Cheek was highly-rated when breaking through at the club, particularly after an impressive loan spell at Crystal Palace.
Read more on dailyrecord.co.uk
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