ARSENAL have rejected an opening offer from Monaco for Folarin Balogun.
The Gunners value the U.S international at around $68 million and are are only willing to let him go at the right price.
Inter Milan are expected to also put in a bid for the out of favour striker, who has two years remaining on his contract with the Premier League club.
Meanwhile, Arsenal have agreed on a deal that sees Balogun’s fellow United States international, Matt Turner join Nottingham Forest.
Turner, 29, who joined the 2023 Community Shield winners in a deal worth £5.75 million last summer, will depart the Emirates for an initial of £7 million which could rise to £10 million with ads-ons.
His departure makes space in the squad for the potential arrival of David Raya from Brentford