Tottenham have been offered £10m to secure the transfer of former Arsenal striker Folarin Balogun, who could earn his old club an unexpected financial boost.
Folarin Balogun's future at Monaco has reportedly become increasingly uncertain, despite the United States international still having two years remaining on his contract. His representatives have approached Tottenham Hotspur, with intermediaries establishing whether head coach Roberto De Zerbi would be interested in pursuing a deal.
Balogun joined Arsenal's academy at the age of 10 and developed into one of its most prolific youth forwards, scoring 25 goals in 19 matches for the under-18s during the 2018/19 season. He signed his first professional contract with Arsenal in February 2019.
The 25-year-old was sold to Monaco in August 2023 for around £34.4 million, plus add-ons, after Arsenal decided they could not guarantee him the regular number nine role he wanted. Crucially, the Gunners negotiated a 17.5 per cent sell-on clause, meaning they would receive a share of any profit Monaco make if the striker is sold.
Monaco are said to be prepared to sell Balogun for the right price, with Juventus, Borussia Dortmund, Sunderland, and other English clubs also credited with an interest in the 25-year-old. The asking price remains unclear, with reports valuing Balogun at around £40 million.
Tottenham are in the market for a striker, while Balogun's representatives have reportedly made contact with the club to gauge interest in a potential transfer. No formal offer has been made, and the story remains at an early stage.
Balogun's transfer would be significant for Arsenal, who could benefit from a potential profit if Monaco secure a fee above what they originally paid. The Gunners would receive an additional payment without lifting a finger, thanks to the negotiated sell-on clause.
Spurs are also considering other striking options, including Nicolas Jackson, before deciding how to proceed. The club is weighing up its options carefully, with no clear decision on Balogun's future expected in the near future.
Source: Yahoo Sports