Arsenal reject Sheffield United’s £3 million bid for Balogun

Arsenal have rejected Sheffield United’s £3 million bid for Folarin Balogun and are holding out for a structured deal worth in the region of £15 million, according to the Daily Mail.

The Blades have been shocked by the North London club’s stance on their promising academy graduate who has only one year remaining on his contract. Balogun will be able to sign a pre-contract with a club of his choice in under six months and the Gunners will only be able to make a small compensation fee at that point. 

The 19 year old has failed to agree a new contract with Arsenal and looks set to leave the club this summer. The Premier League giants rejected a £5 million bid for the player from Brentford in January. 

Balogun is one of the most exciting young players in English football. He scored 28 goals in as many appearances in the 2018/19 campaign for Arsenal’s youth sides and followed that up with 10 goals in 15 appearances for the club’s Under 23 side last season. 

There is a lot of interest in the player from clubs in Germany and he could well be headed to a Bundesliga side this summer. There are a number of English clubs that are keeping tabs on his situation and while Arsenal’s £15 million valuation of the player is considered to be very high, the Gunners are open to receiving a substantially lower initial fee and getting the rest of the money through add-ons and bonuses.