Folarin Balogun agrees to initial deal with Monaco, but Arsenal decline their £34m offer.

Balogun is nearing his exit from Arsenal.

August 9th 2023.

Folarin Balogun agrees to initial deal with Monaco, but Arsenal decline their £34m offer.
Folarin Balogun had hoped to secure a regular role at Arsenal this season, but his future appears to be away from the Gunners after his exclusion from the squad in the Community Shield match against Manchester City.

According to RMC Sport, Monaco have made the signing of Balogun their priority and have already proposed an initial bid of €40 million to Arsenal. However, the offer was rejected, and the Ligue 1 side are expected to return with an improved offer.

The 22-year-old proved his worth during his loan spell at Reims last season, scoring 21 goals in Ligue 1. This has made him a wanted man, with Inter Milan also interested in signing him as a replacement for Romelu Lukaku.

Balogun himself addressed his future in an interview last month, saying, "I obviously went away and the point was to prove I could play first-team football. I feel I was able to do that and show people I can play at that level. Whatever happens I'm cool with it."

It remains to be seen if Monaco will be the ones to acquire Balogun's services, but it is clear that the striker has a number of opportunities available to him. He will now be waiting to see how the situation develops in the coming weeks.

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