Speculation started circulating on Twitter last night and the national press is saying much the same inb its early editions.
And ClaretandHugh has established within the last few minutes that days of intensive talks between Reid, his agent and David Sullivan have been held over the past several days.
The central defender has been reportedly courted by Tottenham, Arsenal and Liverpool but after spending hours talking to the Irons is closer to signing than at any time this winter.
The Mail reports that he is close to committing to a new deal and the Hammers are now very upbeat about the likely outcome.
We were told: “We are very hopeful. Good negotiations have been held with him and his agent but we will know more within the 72 hours.”