Folarin Balogun seems to be on the verge of departing Arsenal, as Monaco is reportedly nearing a deal for the American international striker.
The 22-year-old forward has garnered interest from clubs across Europe during the ongoing transfer window, with teams from England, France, Italy, and Germany all expressing admiration for him.
While no agreement has been finalised, Arsenal has held out for a transfer fee surpassing £40 million ($51 million).
According to Sky Sports, Monaco is poised to formulate an offer that meets Arsenal’s requirements, and they have already reached a preliminary agreement with Balogun regarding personal terms.
If this deal materialises, it will mark a return to French football for the USMNT star, who had an impressive loan stint at Ligue 1’s Reims last season, scoring 21 goals.
Further discussions are scheduled between Monaco and Arsenal to establish a payment structure. With Balogun’s eagerness to secure a move and secure consistent first-team opportunities in the 2023–24 season, it’s anticipated that a compromise will be reached before the summer transfer window closes.
Although Balogun’s contract with Arsenal extends until 2025, he faces competition for playing time in North London from players like Gabriel Jesus and Eddie Nketiah, indicating that a move during the current window is likely.