Folarin Balogun is wanted by Arsenal for £35 million.

Folarin Balogun, a striker, allegedly has a €40 million (£35.3 million) price tag on his head from Arsenal. The 21-year-old has had a fruitful loan season with Ligue 1 team Reims this year, contributing two assists and scoring 10 goals in 16 games.

Despite his impressive run of success in France, Balogun has yet to make a significant breakthrough into the Arsenal first team, but he is reported to be drawing attention from teams all around Europe.

Balogun has a further two and a half years left on his Arsenal contract, which expires in the summer of 2025, and it is said that AC Milan is interested in signing him.

Milan are not the only team attempting to recruit Balogun, however, as Pianetemilan.it reports that Arsenal will seek a sum of €40 million (£35.3 million) to authorize the striker’s leave.