Report: West Ham close to agreeing fee with Gladbach for Oxford

Freiburg's  midfielder Janik Haberer (R) and  Moenchengladbach's English defender Reece Oxford vie for the ball during the German first division Bundesliga football match between SC...

West Ham defender Reece Oxford is currently on loan with Borussia Monchengladbach.

Reece Oxford of West Ham United arrives at the stadium prior to the Premier League match between Middlesbrough and West Ham United at the Riverside Stadium on January 21, 2017 in...

German newspaper Bild claim Borussia Monchengladbach are closing in on the permanent signing of West Ham United defender Reece Oxford after the Hammers lowered their asking price.

The 19-year-old joined Gladbach on a season-long loan and had struggled to make an impressing in the top tier of German football until this month, starting the Bundesliga outfit's last two league fixtures before the Christmas break.

Reece Oxford of West Ham United in action during the West Ham United training session at London Stadium in Queen Elizabeth Olympic Park on August 3, 2016 in London, England. (Photo by Tom...

The report claims that the two parties are locked in talks over the teenager's future, with negotiations progressing well after the Hammers decided to reduce the price tag on Oxford's head.

They had previously wanted around £7.1million for the versatile defender, who can play in both centre-back and holding midfield. Now, talks are said to progressing as the east Londoners want just £5.5million for their academy product.

Reece Oxford of West Ham United is seen prior to the Barclays Premier League match between West Bromwich Albion and West Ham United at The Hawthorns on April 30, 2016 in West Bromwich,...

Oxford first came to prominence as a 16-year-old, starting Slaven Bilic's first Premier League game in charge that saw him mark Mesut Ozil out of the game in a 2-0 win over Arsenal. 

The youngster picked up the man of the match award as the Hammers earned a 2-0 win at the Emirates Stadium, and big things have been expected of Oxford since. But now it looks as though he will be playing his football in Germany.

Register for HITC Sport - Daily Dispatch