Football Transfer News: AS Monaco Signs Balogun From Arsenal On €40m Deal

AS Monaco on Wednesday evening completed the signing of USA international of Nigerian descent Folarin Balogun from Arsenal who will now be heading back to France where he made waves last season on loan with Stade de Reims.

Balogun, 22, who chose to represent USA rather than Nigeria or England has signed a five-year contract until 2027.

The interest by Les Monégasques in the striker who scored an impressive 22 Ligue 1 goals last season seemed to have begun when the Principality club arrived London for the Emirates Cup.

Several high-profile European outfits such as Inter Milan, West Ham United and RC Lens were keeping tabs on Balogun, who finished joint fourth in Ligue 1’s goal-scoring charts.

The New York-born forward only played ten games with the Gunners’ senior squad. The Arsenal Academy youth product reportedly cost Les Monégasques €30m up front with €10m worth of bonuses. Balogun has signed a five-year deal with Adi Hütter’s side.

Monaco were in the market for a prolific striker following the ACL injury of Switzerland international Breel Embolo and the sale of Kevin Volland to Union Berlin.

With Balogun joining the likes of Takumi Minamino and Wissam Ben Yedder, Austrian manager Hütter is due to have some selection headaches.

Monaco are currently top of the league on goal difference after gaining seven points out of a possible nine. They will host struggling RC Lens on Saturday in Ligue 1’s fourth gameweek.