West Ham's bid for Nice striker Loic Remy has stalled over details of the transfer fee and instalment payments.
Soccernet can reveal that Nice have placed a €16 million price tag on Remy, 23, and are also demanding that all but €6 million of the cost is paid in the first six months.
West Ham have made a €13 million offer but, while that is not far away from the asking price, they want to spread the payments over three years. Nice have refused.
An insider told Soccernet: "The Hammers are a long way from completing any deal as they need to be careful how they spend with £100 million of debt."
Co-owners David Sullivan and David Gold have been to the south of France for talks with the Nice president to try to thrash out a deal, but have so far failed to reach a compromise.
"I would like it to be sorted quickly," Remy told L'Equipe. "I've always loved the English league. I've always dreamed of playing in England.
"When a club like West Ham is on the cards, it's always interesting, but nothing has been done. The clubs need to find an agreement and Nice are asking for a lot of money."
West Ham co-owner David Sullivan confirmed to Soccernet that he had met with the president of Nice but refused to comment on the transfer negotiations.
RMC reports that Tottenham have entered the race to sign Remy, who is also being targeted by Rennes, Bordeaux and Lyon. The insider added: "If Spurs enter the bidding then West Ham cannot compete."