Arsenal have reportedly rejected a transfer offer for Folarin Balogun from AS Monaco, with the 21-year-old striker expected to leave north London this month.

According to journalist Fabrice Hawkins, the Ligue 1 side have seen a club-record €40m (£34m) bid rejected by Arsenal for Balogun, with the Gunners keen to recoup as much as £50m for the youngster this summer.

Hailed by Stade de Reims manager Will Still as an ‘unbelievable’ player, Balogun was a sensation in France last season under the English coach, and Monaco are now making their play to sign the striker.

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Inter Milan have also been heavily linked with for Balogun this summer, though given Arsenal’s demands, the Serie A giants are yet to make a breakthrough in signing the USA international.

With time running out for Arsenal to sell Balogun, an offer closer to £40m could be enough to please Mikel Arteta, with the striker seemingly itching to leave north London for a new permanent home elsewhere.

Monaco could make new bid for Balogun this week

Monaco Balogun
Photo by Tim Nwachukwu/Getty Images

Interest in Balogun is not dying down anytime soon, and with Arsenal open to selling the forward, Monaco could soon be back with another offer for the forward that the Gunners could accept.

The north London side are eager to recoup some funds this summer having spent close to £200m on three new signings, a tally that’s set to go up to four with the pending arrival of David Raya.

And with Balogun an academy player, Arsenal will be making straight profit from the striker once sold this summer, with Monaco likely to come back in for the US prospect.

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