West Ham United have reportedly indicated that they are willing to hand Manuel Pellegrini a contract worth £10m per year.

In recent days, reports have suggested that Pellegrini has been identified as the club's main managerial target in the search for a replacement for David Moyes.

Hebei China Fortune have already announced that the Chilean is leaving the Chinese club, and it appears that is down to West Ham's pursuit of the former Manchester City man.

According to the London Evening Standard, the East London outfit are prepared to offer a big-money deal to the 64-year-old in order to complete the appointment.

The report also claims that Pellegrini will gain full control over transfers as West Ham look to earn a return to the top half of the Premier League table next season.