By Russell Edge

28th Dec, 2017 | 5:34pm

Journalist: West Ham to cancel transfer deal, provides crucial update on reported £17m sale

West Ham are set to cancel Reece Oxford’s loan deal with Borussia Monchengladbach and will bring him back to the first team set up despite a contradictory report, according to a journalist.

The Telegraph’s chief football correspondent Jason Burt has claimed on his personal Twitter account that the Hammers are set to bring the 19-year-old defender back to the London Stadium after making just four appearances in Germany, but has rubbished a BBC report which claimed he was set to be sold.

The broadcaster had claimed on their website that manager David Moyes had sanctioned a £17million (€19million) deal for the youngster to join Monchengladbach’s Bundesliga rivals RB Leipzig in January, but Burt insists the east London club still view him as part of their future.

The versatile enforcer, who can play in midfield or defence, has made 16 appearances for the Hammers’ senior side since making his debut as a 16-year-old, but was sent on a season-long loan in summer to earn himself first team game time.

Football Insider verdict

Oxford’s future is up in the air at the moment, and the only thing that seems a certainty is that West Ham will cancel his current transfer deal with Borussia Monchengladbach. He has failed to have the desired impact in Germany, and perhaps new boss Moyes will be looking to run the rule over the youngster before committing to a decision over his future. He has always been viewed as a hot prospect in east London and it seemed strange the club would be letting him leave, although £17million is nothing to be scoffed at. Still, there is every chance that he could depart on another loan, perhaps domestically this time, or if he does fail to impress, then a permanent exit could still be on the cards.

In other West Ham transfer news, the club are ready to splash out on a record equalling move for a proven Premier League talent.