Folarin Balogun transfer latest: Arsenal in ‘positive talks’, Premier League interest, asking price

Folarin Balogun’s Arsenal future remains up in the air as the end of the transfer window draws near.

The young striker returned to the Gunners after a successful loan spell with Reims last season, scoring 21 goals in 37 league appearances. Having returned to the Emirates Stadium, Balogun has been left searching for a new club after quickly realising that his place is still behind Gabriel Jesus and Eddie Nketiah.

Arsenal are likely to demand a sizable fee, though, and so a deal is not straightforward ahead of the September 1 deadline. Nevertheless, we have rounded up the transfer latest surrounding the frontman.

Chelsea interest

Chelsea are said to be interested in a move for Balogun this summer after losing Christopher Nkunku to an injury.

The Blues do, however, need to get rid of forward Romelu Lukaku, who is training away from the team having spent last season on loan with Inter Milan. Still, Chelsea are in for a striker before the end of the window, and Sky Sports claim they are interested in Balogun.

Though, it goes without saying that Arsenal would prefer not to sell the striker to a rival, even if they did manage to snap up Kai Havertz from Chelsea this summer.

Monaco talks

Monaco are said to be locked in talks with Arsenal over the signing of Balogun.

According to Sky Sports, the French giants are in a good position to land Balogun and offer him a move back to France. It’s claimed the Principality club have held ‘positive’ talks with the Gunners over a deal already, and they remain ongoing at this stage.

What’s more, Balogun is said to be ‘open’ to a move back to France, meaning this deal could well be a goer.

Asking price

According to multiple reports, Arsenal are demanding £50million for Balogun this summer.

It’s claimed that asking price would increase if the buying club was an English club, such as Chelsea, but Monaco or another French club have already been told that £50million is the price they will have to pay.

According to Transfermarkt, Balogun is worth just £25.6million, but the inflated market often sees players go for much more than their estimated worth.