Co-owner David Sullivan has revealed West Ham United have offered a £100,000-a-week contract to a "special player" amid speculation linking them with a move for Ruud van Nistelrooy.
Van Nistelrooy, 33, is currently out in the cold at Spanish giants Real Madrid and has been linked with moves to several Premier League clubs this month.
Tottenham and Stoke City have already confirmed their interest in the former Manchester United hot-shot.
Sullivan and fellow former Birmingham City owner David Gold took the helm of the struggling Hammers at the beginning of the week.
But despite revealing that the Upton Park club is more than £100million in debt, he believes the acquisition of a star player this month is essential.
The Hammers are currently languishing down in 16th place in the Premier League table.
"We've offered £100,000-a-week to a player today and we are still not sure we are going to get him," confirmed Sullivan.
"That was a very special player. There's no transfer fee involved and he's got the choice of almost every club in Europe. He has played at the highest level.
"He's down to three clubs and West Ham are the only English club still in the hunt for him. Whether we get him is another thing.
"We can carry one exceptional player, who would make a difference on that wage, but generally we have to bring the wages down and in the summer we would hope to sign younger players on a fraction of those wages.
"We have looked at a few players in the Championship but the reality is that it is no good if they make the grade in 12 months' time, we need them to make the grade now."