French side Monaco have reportedly had a bid rejected by Arsenal, with Serie A club Inter also interested.

The American enjoyed an excellent campaign on loan at Ligue 1 side Reims last season, scoring 22 goals.

Arsenal would be willing to let Balogun leave if a suitable offer was made, with forward seemingly not a part of manager Mikel Arteta's plans.

The United States international has not yet been included in a Premier League squad so far this season despite first choice striker Gabriel Jesus being out injured.

Eddie Nketiah has started the first two matches of the campaign for the Gunners, who have won have beat Nottingham Forest on the opening weekend before earning a hard-fought victory over Crystal Palace to maintain a 100% record.

BBC Sport understands that playing time is a key factor in Balogun's thinking as he weighs up where to move.