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Arsenal have set a high asking price of £50 million for Folarin Balogun, according to Sky Sports News.
The north London giants currently have Gabriel Jesus and Eddie Nketiah as their regular strikers in the squad.
Balogun is unlikely to displace them next season, and it appears likely that he will leave the club permanently.
AC Milan, Inter Milan, Monaco and RB Leipzig are interested in his services, but he won't come on the cheap.
Arsenal initially valued their graduate at £35m, but have increased the price to £50m after his international debut.
It remains to be seen whether any European club will meet the transfer fee.
Suppose there is no concrete interest, Arsenal could lower their demands, but ask for a buy-back option in return.
In that way, the Gunners will have the opportunity to retain his services in the long run if he develops excellently.
Balogun is expected to be involved for Arsenal in the upcoming friendlies.
Written by Sri Aswin
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