Premier League giants Arsenal have reportedly slapped a £35m price tag on US international Folarin Balogun.

The 21-year-old was impressive on his loan spell at French Ligue 1 side Stade Reims.

The young striker of Nigerian descent managed 22 goals and 3 assists in 39 appearances for the club across all competitions.

Despite his remarkable form in the French league, a possible return to Mikel Arteta's team still remains unlikely.

Balogun has informed the club to either offer him playing time or sell him to another club.

The ex-Middlesbrough striker has also declined to go on another loan spell.

Serie A giants AC Milan and Inter have both expressed interest in the Balogun.

Folarin Balogun has two years remaining on his deal with the Gunners.

WDN