The Hammers are seemingly on the lookout for a new striker addition ahead of the transfer deadline following the long-term injury to Ecuador international Enner Valencia.
According to AS, Slaven Bilic’s side have offered a loan fee in the region of £1.1 million in order to take the recent Copa America champion on loan for this season.
Vargas has previous experience of the Premier League, having had a spell on loan at Queens Park Rangers last season where he scored four goals in 22 outings.
While his scoring record at club level hasn’t been great in the past few seasons, he clearly has an abundance of ability as he regularly finds the net on the international stage.
The 25-year-old is comfortable playing in a number of roles in the final third, and his four goals at the Copa America during the summer saw him named in the Team of the Tournament.
As mentioned in the report, West Ham aren’t the only club tracking Vargas, with La Liga outfit Villarreal having already presented a similar loan offer last week.