Folarin Balogun has completed a permanent move to French club Monaco from Arsenal.
It is understood the deal for the 22-year-old United States forward is worth 40million euros (£34.3m) and also includes a sell-on clause of 17.5 per cent.
Monaco confirmed Balogun had signed a five-year contract until June 2028.
Balogun joined the Gunners aged 10 and developed through the club’s academy before signing a first professional contract in February 2019, making his senior debut in the Europa League the following year.
In January 2022, Balogun joined Sky Bet Championship side Middlesbrough on loan and he spent last season in Ligue 1 at Reims, where he scored 21 goals.
A club statement from the Gunners read: “We thank Folarin for his contribution to Arsenal, through our Academy into the first team, and wish him the best of health and happiness in his new chapter at Monaco.”
More from Sporting Life
- Fixtures, results and live scores
- Expert xG analysis and features
- Transfer news and done deals
- Football and other sports tips
- Download our free iOS and Android app
- Podcasts and video content
Safer gambling
We are committed in our support of safer gambling. Recommended bets are advised to over-18s and we strongly encourage readers to wager only what they can afford to lose.
If you are concerned about your gambling, please call the National Gambling Helpline / GamCare on 0808 8020 133.
Further support and information can be found at begambleaware.org and gamblingtherapy.org.