Folarin Balogun has left Arsenal having been at the club since the age of eight; the 22-year-old scored 22 goals for Stade de Reims last season and now returns to Ligue 1 with Monaco; Balogun was behind Gabriel Jesus, Eddie Nketiah, Kai Havertz and Leandro Trossard
Thursday 31 August 2023 16:10, UK
Monaco have signed Folarin Baloguin from Arsenal in an initial £25.7m (€30m) deal.
The 22-year-old returns to Ligue 1 after scoring 22 goals in 39 matches for Stade de Reims last season, signing a five-year contract with Monaco.
Inclusive of add-ons, Arsenal could receive a further £8.6m (€10m) which could take the deal to a total of £34.3m (€40m) for Balogun and have inserted a 17.5 per cent sell-on clause.
Balogun leaves Arsenal having been at the club since the age of 10, with the United States international not featuring in a competitive game for the Gunners this season since returning from his Reims loan deal.
The striker found himself behind both Gabriel Jesus, Eddie Nketiah, Kai Havertz and Leandro Trossard in the Arsenal forward pecking order.
Who will be on the move in the final days of the transfer window before it closes at 11pm on Friday September 1 in England and midnight in Scotland?
Keep up to date with all the latest transfer news and rumours in our dedicated Transfer Centre blog on Sky Sports' digital platforms. You can also catch up with the ins, outs and analysis on Sky Sports News.
