The Mauve and Yellows believe the in-demand midfield supremo is worth the price having excelled heavily on the domestic front.
Blay has returned to Medeama following the expiration of his 12 months loan deal at Asante Kotoko.
The midfielder's mouth-watering valuation is a positive vibe for the player's enviable performance in the Ghana Premier League.
The Porcupine Warriors, whose senior figures are millionaires, must now cough $200,000 for the services of the highly-rated midfielder.
The former Hasaacas versatile man has emerged as fans' favourite after a successful loan spell at the club.
Blay was a mainstay during his one-year loan spell at Kotoko as has also been a key part of Maxwell Konadu's plans after he took charge of the Ghanaian giants.
The midfielder, who is a cult hero in Tarkwa, is worth every penny as his quality is unmatched on the local scene.
There is no denying the fact that Blay has established himself as one of the exciting and talented midfielders in the Ghana Premier League - leaving Kotoko with perhaps little or no choice to break bank for his signature.
With a transfer ban starring in their face, the record Ghana Premier League holders, are desperate to tie him down to a permanent contract as they venture into the CAF Champions League next season.
What does Blay bring to the table
The midfielder posses aerial ability and works hard to get stuck in with many tackles to win back possession.
He boasts excellent defensive awareness that enables him to pull off some crucial last-gasp clearances at the back.
The Ghanaian midfielder can pass the ball accurately at the centre of the park and impact the game going forward as he has often been deployed as a defensive midfielder over the past few years.
Blay can operate at the heart of the park or used as a back-up central defender when things become tough.