Report: Arsenal demanding £15m for Folarin Balogun

Folarin Balogun

Arsenal have reportedly rejected an opening offer from Sheffield United for young striker Folarin Balogun.

According to reports from the Daily Mail, the Blades have offered £3m plus add-ons for the 19-year-old. It is a very good offer, considering the youngster is in the final year of his contract.

With no assurance given on a contract extension at Arsenal, the player is set to leave the Gunners.

However, the north Londoners want a structured deal worth in the region of £15m, five-times the amount offered by Sheffield United. It has been claimed that the Blades are ‘left stunned’ by Arsenal’s demand.

Balogun is free to sign a pre-contract agreement with a foreign club from January, and in that case, the Gunners are entitled to only a small compensation fee.

Daily Mail claims that Arsenal rejected an offer in the region of £5m for Balogun in January. Premier League rivals Southampton and Brighton showed interest in him, while Serie A giants AC Milan and clubs in Germany are also in the race for his signature.

Balogun is a highly-rated young talent and Sheffield United have earmarked him as a potential option as they look to bolster their forward department.

He scored 28 goals in 28 appearances for Arsenal’s youth sides during the 2018/19 season. Last season, he netted 10 goals in just 15 appearances for the Under 23s before the campaign was curtailed in May.