Arsenal reject transfer offer for Folarin Balogun as Gunners demand £45m for striker after impressive France loan
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ARSENAL have rejected an offer from Monaco for striker Folarin Balogun.
The French club submitted a written offer for the forward after a verbal bid was rejected last week.
According to , Monaco's pursuit of Balogun is ongoing despite them having two approaches knocked back.
The two clubs' sporting directors are understood to have a good relationship with each other.
Thiago Scuro and Edu have built a strong working relationship in the past which could benefit the French side's pursuit of Balogun.
Monaco's initial bid was made after last week's Emirates Cup clash with the Gunners.
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Arsenal won the match on penalties following a 2-2 draw on Wednesday.
The report also adds that Inter Milan remain keen on a move for Balogun but it is unknown if they can afford to sign him.
Inter are in the market for a new striker, with both Edin Dzeko and Romelu Lukaku no longer at the club.
Balogun has been valued at £45million by Arsenal this summer following an impressive loan spell last season.
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He scored 21 goals in 37 Ligue 1 appearances for Reims to help the club finish 11th in the table.
His performances also earned him a first call-up from the USA after switching his international allegiance from England.