The West Ham captain will likely head to the Emirates or the Etihad this summer, with Arsenal and Man City leading the race to secure his signature.
Rice has also attracted interest from Chelsea, Manchester United and Bayern Munich, but those clubs have begun to look at alternative targets, largely due to West Ham demanding at least £100m.
Arsenal have already had two bids for Rice rejected which has given Pep Guardiola hope of bringing the England star to Manchester.
City of course won a stunning treble last season but Tony Cascarino believes Rice should prioritise a move to Arsenal and says he could become as influential as Alisson and Virgil van Dijk for Mikel Arteta’s side.
‘If you look at Arsenal, since Mikel Arteta came in December 2019, that season they got 56 points,’ Cascarino told talkSPORT.
‘He hadn’t played a part earlier in the season, the next season they got 61, the next season they got 69. And last year they got 84, so there’s a real upward curve at Arsenal.
‘Declan Rice would make the impact that Alisson and Van Dijk made at Liverpool by coming.’
Cascarino also warned Rice there is a ‘very high possibility’ he could be a ‘bit-part player’ at Manchester City, whereas he would be the star man at Arsenal.
‘It’s an easy choice – Man City is an easy choice as in they could easily win the double next year and maybe more.
‘That’s the thing you’ve got to really consider, but how big a part do you really play in that if you go to Manchester City?
‘Because it’s not impossible that they could spend £100m and he could be a bit-part player at Man City.
‘Some people might laugh at that, well that’s exactly the first season of Jack Grealish.
‘I do think there is a very high possibility that he won’t play as much football as he would like.’
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