Arsenal may soon face making a final decision on the future of Folarin Balogun with AS Monaco set to make a bid for the forward.
Reports have linked Balogun with a potential move to Chelsea, but French club Monaco have emerged as a strong contender for the 22-year-old's signature. The Ligue 1 side were impressed by Balogun's performances during his loan spell at league rivals Reims last season, where he scored an impressive 22 goals.
According to talkSPORT (via the Mirror), Monaco are planning a bid of over £35 million for Balogun before next week's transfer deadline. The offer could potentially trigger a bidding war for the talented USA international, who has other admirers.
While Arsenal are willing to sell Balogun, the Gunners could hold out for a fee as high as £50 million. The Hale End academy graduate has already expressed his desire to play regular first-team football, indicating that he is open to a move away from the club should the opportunity arise.
READ MORE: Arsenal 'working hard' to get seven stars out the door before transfer window shuts
As well as Monaco and Chelsea, Fulham are also rumoured to be interested in signing Balogun. The player has hinted at a possible return to France given his positive experience at Reims.
In an interview with Ligue1.com earlier this year, Balogun stated: "Of course I have had a good year here and to a lot of people it makes sense for me to come back here. So yeah, I mean I don't know what the future will bring."
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"But definitely I would advise young players to come out here. It's a really, really tough league, a league that will help you to improve. You get to play in crazy atmospheres. If you're ready to take yourself out of your comfort zone, I would advise any young player, I would advise any young player to come here."
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