By Wayne Veysey

25th Sep, 2021 | 7:45am

Sources: West Ham reach £5m+ agreement ahead of January window as Reid contract terminated

West Ham have laid the groundwork for a January signing by paying off Winston Reid for less than the value remaining on his contract, Football Insider understands.

The Londoners announced earlier this week that they had agreed with the New Zealand international, 33, to mutually terminate his contract.

A West Ham source has told Football Insider the pay-off to Reid is more than £5million but less than the near-£7m remaining on his deal.

The 6ft 3in centre-back was a high earner after being handed a £70,000-a-week contract by the club four years ago that was due to run until the summer of 2023.

West Ham decided to get Reid off the books with a wage saving after he was deemed surplus to requirements by David Moyes and the coaching staff.

Football Insider broke the news on 4th September that the Irons were in talks over terminating the defender’s contract.

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It will free up space on their wage bill and in the playing squad ahead of the January window, when the club could make a loan or even a permanent signing.

Reid has not played for West Ham since March 2018, when he sustained a knee injury that proved to have ended his Premier League career.

He had loan spells at MLS side Sporting Kansas City and Brentford in the Championship, making 12 and 11 appearances for the teams respectively.

But Reid could not secure a loan move in summer window, even though club chiefs were willing to pay a significant portion of his wages.

There were no permanent offers, either, and that effectively forced the club into action.

In other news, ex-manager blown away by “magical £50m+” new West Ham signing.