Monaco have had a formal offer for Folarin Balogun rejected by Arsenal, reports David Ornstein of The Athletic.
The Ligue 1 outfit are understood to have tested the waters after last week’s friendly at Emirates Stadium and then returned with a written proposal.
Both were rejected having failed to come close to the Gunners’ asking price, reported to be in excess of £35 million.
🚨 EXCL: Arsenal reject written bid from Monaco for Folarin Balogun. Follows verbal offer turned down by #AFC after friendly. #ASMonaco pursuit ongoing – sporting directors have good relationship. #Inter keen but unclear if can afford @TheAthleticFC #USMNT https://t.co/xp0yVUcL8c
— David Ornstein (@David_Ornstein) August 7, 2023
Having lost striker Breel Embolo to an ACL injury, there’s clearly a need on Monaco’s part to recruit up front but it seems hard to believe they’ll go as high as we want.
If nothing else, the interest should draw other parties out of the woodwork.
Inter Milan have been sniffing around but seem concerned about spending big money on a player with only one full season of senior football under his belt.
Having sat out two of the three friendlies in the USA due to a knock, Balogun has since missed the aforementioned Monaco friendly and yesterday’s Community Shield win over Manchester City. There have been no updates on his fitness and it’s thought he wouldn’t be part of any squad next weekend even if he was fit.