Arsenal have confirmed that Folarin Balogun has signed a new contract with the club.
The highly promising forward’s future had been in some doubt, due to the expiration of his previous deal this June, which would have made him available for free to clubs across Europe – although because of his age there would have been a compensation fee if he’d joined another English club.
However, the 19-year-old, who shares an agent with Bukayo Saka, Eddie Nketiah and Reiss Nelson, has put pen to paper on a four-year contract that ties him down until 2025.
Technical director Edu said: “It’s great that Flo will continue to be with us. He is a very promising young talent and has already shown so much quality in his performances. We are all looking forward to working with him during his continued development in the coming years.”
Mikel Arteta added: “We have been extremely impressed with Flo this season. He has continually shown his natural ability in many training sessions with us and we have been equally impressed with his early integration into the first-team squad on matchdays.
“He has given us glimpses with the performances and of course with his two goals already for the first team. The hard work starts here for Flo and we are all looking forward to supporting and working with him in the years to come.”
Balogun has made five first team appearances this season, four in the Europa League and one in the Carabao Cup, and in the grand total of 74 minutes he’s amassed, he’s scored twice and created one assist.
It remains to be seen what the plan is for him, whether he’ll be part of the first team squad next season or go out on loan to develop with regular football.
However, it’s good news, well done Edu and Arteta for convincing him to stay, and congratulations to Balogun on his new deal.
Here’s to many more appearances and lots more goals.