West Ham may let Nathan Holland go this summer for just £1million as transfer prices prepare to tumble, Football Insider can reveal.

The winger turns 22 in June and has spent the second half of this season on loan at League One promotion hopefuls Oxford United.

A West Ham source has told Football Insider that the club value Holland at £2m earlier this year but an offer of around half that could persuade them to sell in the next transfer market.

The financial chaos caused by the coronavirus pandemic is set to have a dramatic effect on transfer fees and wages this summer.

Holland has a deal at his parent club that runs until 2022 but he has yet to make the first team breakthrough and is close to running out of time.

Football Insider revealed earlier this year that Sheffield Wednesday have set their sights on a summer swoop for the winger.

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Club scouts have delivered glowing reports about the performances of the left winger during his Oxford loan spell and believe he is ready to make the step up to the Championship next season.

He has scored three goals from 12 matches for the League One outfit but his spell is likely now end amid speculation the bottom two professional tiers will call a halt to their campaigns.

David Moyes agreed with his predecessor Manuel Pellegrini when he took over that Holland is not yet ready for Premier League football.

The attacker has played only four times for the senior side and has been unable to make a sustained breakthrough.

Capped by England at Under-19 level, he scored 11 goals and supplied six assists from 12 Premier League 2 matches in the first half of this season.

In other West Ham news, agent whispers suggest the club are well placed to sign midfielder proven in the Premier League.