Gudjohnsen to become West Ham's highest ever paid
The Mirror says Magnusson is willing to pay his fellow Icelander a massive £80,000-a-week to return to London.
Hammers have sent officials and an agent to Spain to persuade the ex-Chelsea star to join them - and to drop his £100,000-a-week demands.
Gudjohnsen, 28, is holding out for a massive pay-day, despite Barca showing him the door and being willing to accept £6.7million from Hammers, or indeed any other club.
The forward and his father, who is also his agent, are holding out for the six-figure weekly pay packet - yet their willingness to discuss the deal has given Hammers encouragement that they will take a drop in wages.