Arsenal set asking price for Balogun as striker tipped to join 'very big club'

Arsenal have set the asking price for Folarin Balogun, according to reports.

The England Under-21 international is enjoying a fantastic season on loan at Reims.

However, there is uncertainty surrounding the 21-year-old's future at the Emirates, following reports that Arsenal could cash in on the striker this summer.

Arsenal set Balogun price tag

Meanwhile, Reims president Jean-Pierre Caillot admitted that it would be "impossible" for the French side to sign him this summer.

"The rules of the game are clear: these are boys that, when they join us, know that they’re here to improve and that it’s a step for them.

"So even if I’m not deciding for him, either Folarin will return to his club to have his chance, he’s loaned out, or transferred to a very big club."

"He is a player that should go even higher. So obviously we’ll ask him if he feels good here, and at his club, but I think that now, he will need to take a step up."

His possible departure may come as a surprise to some fans following his recent contract extension.

Whilst Arteta has previously suggested he had a future at the Emirates, revealing they would make a decision in the summer.

"He's got something special," the Spaniard said. "That's why we gave him a long-term contract and have faith in him, and give him the long period that he's having now, because the period he's having now is different to the one before at Middlesbrough.

"The plan is that he finishes his period there, assess the situation where he is, where we are, then sit down and plan the next chapter in his developing career."