Arsenal can complete £35m transfer after Chelsea deal becomes official

Arsenal transfer news as Bundesliga side RB Leipzig reportedly make first move to sign Folarin Balogun in the summer

Folarin Balogun's future at Arsenal is expected to be at the top of Edu Gaspar's summer transfer to-do list after the striker's incredible season in France. The New York-born forward has scored 19 goals for Stade Reims after sealing a temporary move in the summer.

The Gunners must decide whether to sell Balogun and use the funds for a potential signing elsewhere to bolster Arteta's squad or to offer the striker a chance in the Premier League. Should the club hierarchy opt for the former, they could see a player with no Premier League goals sold for a big transfer fee.

Marco Rose already has Timo Werner, Andre Silva and Yussuf Poulsen to choose from in his attack but Nkunku's imminent exit will leave Die Roten Bullen lacking a serious goalscoring threat. The Frenchman has scored 64 goals and assisted a further 52 since joining from Paris Saint-Germain.

But Balogun won't come cheap with Hinze revealing that Arsenal will demand over €40 million (£35m) for his services. To put the possible move to Leipzig into perspective, the German side's record transfer fee currently sits at the £26.1m they paid RB Salzburg for Naby Keita in 2016.