Arsenal striker Folarin Balogun has joined the French side Monaco in a permanent transfer on Wednesday.
Arsenal confirmed on Wednesday that Folarin Balogun has left the club. The Gunners will reportedly receive 40million euro and also has a sell-on clause. The 22-year-old forward has signed a five-year contract until June 2028.
A club statement from the Gunners read: “We thank Folarin for his contribution to Arsenal, through our Academy into the first team, and wish him the best of health and happiness in his new chapter at Monaco.”
Balogun joined Arsenal’s academy at aged 10. In 2019, he signed his first professional contract and made his senior debut for Arsenal in the Europa League in 2020.
The USA striker spent last season on loan in the Ligue 1 side Reims. He managed to score 22 goals in 39 matches. Balogun scored twice in ten matches for Arsenal.