Arsenal are plotting a major squad revamp and has signed Kai Havertz from Chelsea to bolster the attacking line.
Club academy product Folarin Balogun had a productive loan spell with Reims in Ligue 1 last season.
The youngster scored 21 league goals while in France and the forward has ruled out the possibility of going out on loan again.
Crystal Palace and AC Milan are monitoring the forward’s situation at Arsenal along with a host of European clubs.
According to reports, Balogun has rejected a fresh contract and a summer exit is on the cards.
Journalist Paul Brown claims the 21-year-old would soon request an exit from the Emirates.
“If he genuinely does think he’s ready and he isn’t willing to wait, you could see him pushing for a move,” Brown told GIVEMESPORT.
“But we’re not at that stage yet, so I think we’ll have to see how things develop in pre-season first.”
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