Arsenal REJECT Monaco’s offer for Folarin Balogun, with Gunners still willing to pay a £45 million fee to let the 22-year-old striker leave
- Monaco have rejected a formal bid for Arsenal striker Folarin Balogun
- Monaco remains interested in Balogun, who is also wanted by Inter Milan
- Arsenal are seeking a fee of around £45 million for the American striker
AS Monaco have rejected a bid for Folarin Balogun by Arsenal.
The French side, who faced Arsenal in a friendly last week, have emerged as contenders to sign the 22-year-old, who impressed fellow Ligue 1 side Reims last season.
But Monaco’s opening bid fell short of Arsenal’s £50 million valuation of American striker Balogun, who scored league goals for Reims during his loan spell in France.
Monaco have rejected a formal offer for Folarin Balogun from Arsenal, but remain interested
Adi Hutter’s team made a first verbal proposal for Balogun after the Emirates Cup
He is also wanted by Inter Milan, who remain in the market for a striker after losing to West Ham’s Gianluca Scamacca.
Instead, he joins their Serie A rivals Atalanta.
However, Inter’s interest in Balogun is complicated by their financial problems, with the Champions League runners-up hoping to find a striker within their budget of around £35m.
Mikel Arteta’s side is reportedly seeking compensation of around £45 million for Balogun