The 26-year-old is out of contract at West Ham at the end of the season, and has been linked with North London rivals Arsenal and Tottenham Hotspur this month.
Reid is considered as one of the best defenders in the Premier League and has been a key player in West Ham’s success so far this campaign.
Former Arsenal striker Smith, though, believes that Hammers manager Sam Allaryce may not sell Reid this month due to the injury sustained to James Collins.
“If Winston Reid had any designs on leaving West Ham this month, that might have gone up in smoke when James Collins did his back in on Sunday against Hull City,” the 52-year-old wrote in The Telegraph.
“Even though Reid is out of contract this summer, Sam Allardyce would not want to leave himself short in central defence.
“Mind you, the owners might view it differently. Loath to let the player leave for nothing, they could override Allardyce by taking the cash.”
Losing Reid in the middle of the season will be a blow for West Ham, who are in the running for a top-four finish in the Premier League this campaign.
Perhaps West Ham should take the chance of not selling Reid in the January transfer window and hold onto him until the end of the season.
if the defender can help West Ham finish in the top four or even in a Europa League spot, then it would be worth it.
Selling Reid now would mean that the Hammers would have to find a replacement rightaway, which will be far from easy.