- Monaco sign Balogun for €40m
- USMNT star leaves Arsenal permanently
- Balogun returns to Ligue 1
WHAT HAPPENED? Monaco announced the €40m ($43m/£34m) deal on Wednesday and confirmed that he has signed a five-year contract.
THE BIGGER PICTURE: The 22-year-old striker spent the 2022-23 season on loan at Reims in France and scored 22 goals for the Ligue 1 side. He leaves the north London club after three years where he made just 10 senior appearances.
IN THREE PHOTOS:
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![Folarin Balogun Arsenal 2023-24](https://assets.goal.com/images/v3/bltc76f0e98545c20ed/GettyImages-1333086852.jpg?format=pjpg&auto=webp&width=3840&quality=60)
![Folarin Balogun Monaco](https://assets.goal.com/images/v3/bltbaf42aba407074d7/Folarin_BALOGUN_03.jpg?format=pjpg&auto=webp&width=3840&quality=60)
![Folarin Balogun Monaco](https://assets.goal.com/images/v3/blt0bf6e667a0324319/Folarin_BALOGUN_01.jpg?format=pjpg&auto=webp&width=3840&quality=60)
WHAT NEXT FOR MONACO? Monaco are currently at the top of the Ligue 1 table with seven points from their first three matches. They next face Lens on Saturday.