City are still looking to reinforce their midfield options this summer after losing Ilkay Gundogan and the Hammers' star is the latest to be considered for the role after the likes of Jude Bellingham, Declan Rice and Gabri Veiga were all looked at.
Bernardo Silva is expected to stay at City but Pep Guardiola still wants another midfielder while they weigh up how to replace Riyad Mahrez - and Hammers star Paqueta is among their targets.
West Ham paid a club-record &pound;51million fee for the Brazilian last summer, bringing him from Lyon to the Premier League. Moyes revealed City's offer has been rebuffed - and is well short of what it would take to lure him away from London.
"We've had an offer from Manchester City, but at the moment it's not anywhere near meeting our&nbsp;valuation," he said. "We sold Declan [Rice] and I actually think Declan was quite cheap, to be honest."
Given Moises Caicedo's &pound;110m price tag, with Liverpool and Chelsea fighting for his services, West Ham are likely to demand a similar fee for Paqueta.
With City having walked away from a deal for Rice earlier this summer due to West Ham's valuation, it seems unlikely at this stage that the Blues would be willing to offer the Hammers the fee they're demanding.

Luc bid 'nowhere near' says Moyes

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.