The 20-year-old defender spent the second half of last season on loan with the Bundesliga club, but there are issues over personal terms to resolve before the transfer is finalised. A source close to the deal rated the chances of it being completed as 50-50.
As Claret and Hugh have revealed before the Hammer has a 4 million Euro (£3.5m) option with Augsburg but were yet to activates.
Reece Oxford is one of the highest paid Academy players on £20,000 per week and possibly that is a sticking point on agreeing personal terms with the 20-year-old.
Oxford’s agent, Aidy Ward is known to be a hard negotiator and has a bit of a reputation in the football industry. It appears that Oxford’s departure is far from being signed and sealed just yet. Oxford is contracted with the Hammers until June 2021.