Declan Rice Gives Hilarious Answer After Losing the British Transfer Record to Caicedo

• Declan Rice became the most expensive signing this summer after his £105million move to Arsenal
• However, the Englishman recently lost the record a few weeks later courtesy of Moises Caicedo
• Caicedo shattered Rice's record after Chelsea splashed out £115million to land the Ecuadorian

Arsenal summer recruit Declan Rice has given a hilarious response after he lost his British transfer record to Moises Caicedo.

Rice joined the Gunners in mid-July, with the north Londoners forking out an eyewatering £105million to land his services from West Ham United.

According to Sky Sports, the fee paid saw the ex-West Ham skipper become the most expensive signing this summer.

However, Rice did not hold the record for long, with Caicedo's sensational move to Chelsea from Brighton shattering that figure.

Caicedo moved to Stamford Bridge for a British record £115million fee a little over a week ago, with the Blues beating rivals Liverpool to the signing of the Ecuadorian.

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Rice pokes fun at Caicedo transfer

Rice has now has poked fun at the fact he has already lost his title as the Premier League’s most expensive player of the summer.

The former West Ham star shared his reaction during Arsenal's EPL meeting with Crystal Palace on Monday night.

Metro UK reports that the Englishman burst into laughter when the conversation was brought up before he cheekily pointed out:

"I had it up on the wall for two weeks! It’s come down already!’

Rice was easily one of the standout performers as a 10-man Arsenal side silenced Palace 1-0 at Selhurst Park.

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Earlier, Sports Brief reported British record signing, Moises Caicedo, had a debut to forget for his new club, Chelsea, in their 3-1 London derby loss to West Ham at the Olympic Stadium.

The Ecuadorian midfielder chose to move to London despite Liverpool initially agreeing on a higher fee with Brighton and Hove Albion.

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The Ecuadorian conceded a late penalty for a foul on Lucas Paqueta while the team was chasing an equaliser, with the Brazilian scoring the spot kick to make the scoreline 3-1.

He was subjected to harsh criticism on social media, particularly by Liverpool fans, whom he rejected, but he appears unfazed though, as he admitted it was a bad day, as communicated on his Instagram page.