AS Monaco are reportedly in pole position to sign Folarin Balogun, though they’re yet to submit a new bid for the striker and West Ham United are keen.

TheSecretScout report that AS Monaco are in pole position to sign Folarin Balogun, with West Ham United also interested in the striker.

The same source writes that Inter Milan were also keen on Balogun, but they were unable to pay the asking price of around £50m.

Fabrice Hawkins of RMC Sport reports that Monaco are yet to submit a new bid for Balogun, and he claims the Gunners are asking for €50m (£43m).

Monaco made enquiries for Karl Toko Ekambi in recent hours, but the Lyon forward is set for a move to Saudi Arabia, seemingly forcing Monaco back to Balogun.

Hawkins recently reported that Arsenal had turned down an offer of nearly €40m (£34.5m) for Balogun from AS Monaco, but he added that Monaco intended to return for the player.

The French club apparently have an agreement in principle on personal terms, but nothing on a fee just yet.

That followed a report from David Ornstein that Arsenal had rejected a written bid and a verbal offer from Monaco in the days since the friendly between the two clubs.

Ornstein had written that Monaco’s pursuit remained ongoing, with the sporting directors at Arsenal and Monaco having a good relationship.

CBS Sports previously reported that Arsenal have a £50m valuation on Balogun, much higher than Inter Milan reportedly planned to bid, hence their withdrawal from the race.

CBS also confirmed West Ham as one of the interest parties, but none of the Premier League clubs have yet made a move.

Balogun scored 22 goals on loan with Stade de Reims last season, making 39 appearances in all competitions.