A deal between Arsenal and Monaco for Folarin Balogun is looming

Image Source: Getty Images/ Sylvain Lefevre

As negotiations with Arsenal draw to a conclusion about a transfer fee, American striker Folarin Balogun is about to sign with French powerhouse Monaco.

With further add-ons and a sell-on charge, it is estimated that the deal will cost about £38.5 million (€45 million). Balogun has already reached a five-year personal agreement with Monaco. 

He is now expected to arrive in Monaco, and the club is hoping to reach an agreement with him before the weekend.

The 22-year-old attacker is expected to depart Arsenal after making it known to the club that he wanted a permanent spot in the starting eleven, which was not possible at the Emirates as Mikel Arteta has access to both Gabriel Jesus and Eddie Nketiah, which he values more as players.

Balogun spent the previous season on loan in France with Stade Reims, where he had a significant impact. Balogun scored 21 goals in Ligue 1, placing him fourth in the league’s scoring statistics after Kylian Mbappe, Alexandre Lacazette, and Jonathan David.

Monaco and Arsenal have been in deadlock negotiations for several weeks, but they now are nearing a conclusion. 

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