Monaco's Sensational Coup: Arsenal Starlet Folarin Balogun Secures Record-breaking £34m Transfer & Inks Lucrative 5-Year Pact
Folarin Balogun completes a sensational £34m move to Monaco on a five-year contract, leaving Arsenal after a long spell at the club The 22-year-old forward impressed with 22 goals for Stade de Reims last season, making his return to Ligue 1 a highly anticipated one Balogun's talent shines through despite tough competition from the likes of Gabriel Jesus, Eddie Nketiah, Kai Havertz, and Leandro Trossard Stay up-to-date on all the latest transfers this summer with Sky Sports
Monaco completed the £34m signing of Folarin Baloguin from Arsenal. The 22-year-old, who had a remarkable season at Stade de Reims with 22 goals in 39 matches, will now return to Ligue 1 and has inked a five-year deal with Monaco.
Arsenal will be paid €40m (£34.4m) for Balogun, and as part of the agreement, they have included a sell-on clause of 17.5%. Balogun, who has been with Arsenal since the age of 10, is leaving the club. Despite his return from loan at Reims, he did not play in any competitive matches for the Gunners this season.
The striker found himself behind both Gabriel Jesus, Eddie Nketiah, Kai Havertz and Leandro Trossard in the Arsenal forward pecking order.
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Folarin Balogun scored 21 Ligue 1 goals for Reims last season
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