Arsenal reject Monaco’s offer for Balogun

According to reliable sources from ‘The Athletic’, Arsenal has turned down an official written offer from Monaco, the French side, for their talented young striker Folarin Balogun. The bid came after a verbal proposal was made during the Emirates Cup friendly match between the two clubs earlier this month. However, Arsenal’s rejection of the offer is unlikely to dissuade Monaco from pursuing Balogun further.

The exact monetary value of Monaco’s bid remains undisclosed, but it is widely known that Arsenal values Balogun at around £50 million. Previous offers from other clubs have also been rejected by Arsenal, including a bid from Serie A club Inter Milan. Despite Inter Milan’s urgent need for a striker after the departures of Edin Dzeko and Romelu Lukaku, they may not possess the financial capability to meet Arsenal’s demands and make a satisfactory offer.

Monaco’s interest in Balogun stems from the unfortunate injury suffered by their Swiss international striker Breel Embolo, who ruptured his ACL during training. Embolo is expected to be sidelined for several months, prompting Monaco to seek a replacement quickly. Balogun, eager for more playing time, is open to leaving Arsenal, and if he becomes convinced by Monaco’s project, he may exert pressure on Arsenal to facilitate his departure.

Sources:
– The Athletic: https://www.besoccer.com/new/arsenal-turn-away-monaco-bid-for-balogun-1272018(https://twitter.com/TheAthleticFC/status/1688549554826932224?ref_src=twsrc%5Etfw)