Arsenal has turned down an initial offer from Monaco for their USMNT striker, Folarin Balogun, according to football.london.
During their encounter in the Emirates Cup last week, where Arsenal emerged victorious on penalties, Balogun was absent due to a thigh injury.
Following the game, Monaco formally made an offer for the American international, but it was rejected by Arsenal.
Balogun has already demonstrated his potential in French football, having scored 22 goals during his loan stint with Stade de Reims last season.
Monaco is eager to bolster its attacking options after Swiss forward Breel Embolo sustained an ACL injury in pre-season. They are just one of several teams showing interest in Balogun.
Inter Milan is also an admirer of the 22-year-old, though it remains uncertain whether they have the financial capacity to afford him, given competition from other clubs in Germany and the Premier League.
Despite Gabriel Jesus being sidelined for a few weeks due to knee surgery, Arsenal is reportedly open to letting Balogun go if the right price is offered.
“The plans with Flo don’t change at all, but unfortunately with Gabby, we’re not going to have him,” Mikel Arteta said after the win over Monaco last week. “We have other options to play with different qualities of players, and we will adapt.”