The United States international striker has attracted interest from across Europe after hitting 21 goals on loan at Ligue 1 side Reims last season. He remains under contract at Emirates Stadium, but is expected to take on a new challenge outside of north London.
He would face competition from the likes of Gabriel Jesus and Eddie Nketiah at Arsenal in 2023-24, with Mikel Arteta having plenty of attacking options at his disposal. With that in mind, a big-money sale may be sanctioned for Balogun.
What will he eventually go for? Will he make the Gunners live to regret their decision to let him go and should they look to include a buy-back option in any deal? GOAL put those questions and more to former Arsenal star Ray Parlour.