It seem Bayern Munich were not serious with the signing of Declan Rice before they pulled out because the player made it known to them he wanted Arsenal and Arsenal are willing to pay what his club wants.
Rice valuation has always been 100m so I don’t think there was going to be a bidding war. The opportunity cost to enter a bidding war with us probably didn't make sense to them and they backed out - hence the "no bidding war".
As quoted by Fabrizio Romano, Bayern Munich knows that Declan Rice wants to continue in England. Tuchel is a huge fan but a deal was never nearly done with FC Bayern. Meanwhile, Arsenal working on their official offer as personal terms will not be a problem. In other news, Plettenberg said in a tweet: no transfer, Bayern have decided today not to make an offer - compromised.
As I expected, Bayern are not willing to buy players above their reach. another rumour, West Ham are still hoping to reach £100m, plus extras, for the Declan Rice deal. however, the Gunners however would prefer to pay closer to £90 million. sadly, David Silivan insisted on the price he wanted. As reported by the same source, Arsenal believe they have won the race for his signature. as reported by TeamTalk.
as a Gunner fan, I hope that this deal will be smooth sailing. that way, now they can focus on bringing in several other players, especially defenders.