Arsenal star Folarin Balogun wanted by AC Milan in summer transfer as Gunners set out their asking price for loan star

AC MILAN are targeting a summer move for Arsenal's Folarin Balogun, reports in Italy say.

The American-born England Under-21 international has spent the season on loan with Reims and is shining with 18 goals in 29 league games.

And his form has attracted attention from across Europe, especially with Serie A champions Milan.

According to , the Italian giants have added Balogun to their shortlist of targets in the summer.

But they expect Premier League leaders Arsenal to demand a transfer fee of £26.5million.

Milan are currently off the pace, only one point above rivals Inter in fourth.

Ex-Arsenal and Chelsea striker Olivier Giroud, 36, leads the way as their top scorer this term with 12 in 34.

And the Frenchman is close to confirming a new two-year deal with Milan, despite their interest in Balogun, 21.

The Arsenal forward looks braced to return to London in the summer with the club already in fine scoring form.

It means he faces a fight to compete with the likes of Gabriel Jesus, 26, and Eddie Nketiah, 23.

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And the  claim the striker has no interest in another season out on loan away from the Gunners.

It leaves Emirates chiefs to decide whether to either sell Balogun permanently of give him the chance to compete in the squad.

Gabriel Martinelli is Arsenal's most prolific finisher this season, with 14 goals while Bukayo Saka is behind by one.