While West Ham are desperate to keep hold of their prized asset, their hands may be tied by financial realities. The Hammers signed Fernandes on a five-year contract with an option for an additional year, but their Premier League status remains precarious. If the club were to suffer relegation to the Championship, they would likely be forced to sell the 21-year-old to comply with financial regulations and balance the books.
Southampton also hold a vested interest in any potential deal, having negotiated a 15 per cent sell-on clause when they sold him to the London Stadium. With West Ham needing to ensure they stay within financial rules, a bidding war between Arsenal and PSG would provide a significant windfall, even if it means losing one of the most promising midfielders in the division.