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Arsenal set £15m asking price for Folarin Balogun after rejecting £3m Sheffield United bid

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Arsenal are holding out for a £15m deal for Folarin Balogun (Getty Images)

Arsenal are demanding £15 million for Folarin Balogun after Sheffield United had a bid for the striker rejected, according to reports.

The 19-year-old is yet to make his senior debut for Arsenal but was one of the top performers for the Under-23s last season with 10 goals in 16 appearances.

The New York-born forward, who has represented England at Under-19 level, has less than a year remaining on his contract with Arsenal.

And according to MailOnline, Sheffield United have tried to take advantage of Balogun’s situation by offering the Gunners £3 million.

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However, the report claims that Arsenal are demanding a ‘structured deal’ worth could be worth £15m after add-ons.

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Southampton, Brighton and AC Milan have also expressed an interest in signing Balogun.

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Balogun has already trained with the first-team squad and was even praised by Pierre-Emerick Aubameyang on social media.

After one training session, Aubameyang replied to a tweet about Balogun from Arsenal’s official account with: ‘This boy is fire’.

Brentford also expressed an interest in signing Balogun earlier this summer.

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