AS Monaco’s formal offer for Arsenal striker Folarin Balogun has been rejected.

As the French side shows continued interest, Arsenal remain steadfast in their valuation of the 22-year-old USA striker, demanding a price that meets their expectations.

Key Points

• Arsenal have rejected Monaco’s initial bid for Folarin Balogun, holding out for a £45m fee for the striker.
• Balogun, who impressed during his loan at Reims, is also targeted by Inter Milan but their financial constraints may affect the deal.
• Monaco remains keen on Balogun after the player’s successful season in Ligue 1 and his performance against them in a recent friendly match.

Arsenal turn down Monaco’s offer for Folarin Balogun

Monaco’s interest in Folarin Balogun has been evident since the French side faced Arsenal in a friendly last week.

However, their initial bid fell short of Arsenal’s £50m valuation of the young striker.

Balogun, who was successful with a host of league goals for Reims during his loan spell in France, caught Monaco’s eye, but the bid was not sufficient for Arsenal.

Inter Milan’s interest adds complexity to the transfer saga

Balogun’s performance has not only attracted Monaco’s attention but also Inter Milan.

After losing out in the race for West Ham’s Gianluca Scamacca, they are in the market for a striker.

However, their interest in Balogun is complicated by financial problems, restricting their budget to around £35m.

Mikel Arteta’s side is reportedly demanding a fee of around £45 million for the striker.

Arsenal’s stance on the transfer

Arsenal have a clear valuation for Balogun, and they are not willing to compromise.

Having seen his success at Reims, they understand his potential value.

The rejection of Monaco’s bid reflects Arsenal’s determination to either retain the talented player or ensure that they receive a fair fee.

It’s a complex situation, with multiple parties interested, but Arsenal’s stance seems unyielding.