Slaven Bilic has admitted there are "many" clubs interested in Dimitri Payet, but the West Ham United boss is confident the Frenchman will sign a new contract with the Hammers. Payet, 28, put pen to paper on a five-year deal with the Hammers upon completing his move from Marseille during the summer transfer window, but his spectacular first season in English football has prompted talk of a move.

Reported interest from an unnamed Chinese club – who are ready to pay £38m ($55m) for the playmaker, according to Sky Sports – has heightened West Ham's desire to get their talisman tied down to a new contract.

"I think we are very close to signing a contract and I hope it is going to be done," Bilic told a press conference on 11 February. "Both parties have the intention [for him] to stay at West Ham. When you are playing like he is playing many clubs show interest, but we are going to do everything we can to keep him with us.

"Every player has a price but the good thing is he is happy at West Ham, we are more than happy with him and I hope – and I really think – that he will play with us for a long, long time."

Despite reports of a lucrative offer from the Far East, West Ham have been adamant neither they or the player are willing to listen to any incoming offers.

A statement from the club this week read: "The club can confirm that due to Dimitri's outstanding impact since his arrival at the Boleyn Ground, they have initiated amicable and productive talks about an improvement and extension to his contract. Those talks are progressing well and it is hoped they can be concluded shortly.

"Dimitri would like to make clear that he is very proud to play for West Ham United and he appreciates the support he has received from the board, manager and fans since he joined the club in the summer."