Chelsea, Inter Milan and Monaco have all enquired about signing Arsenal striker Folarin Balogun.
Arsenal's valuation of the 22-year-old, believed to be in the region of £50m, has meant that Chelsea have not made an offer as things stand.
The American enjoyed an excellent campaign on loan at Ligue 1 side Reims last season, scoring 22 goals. The United States international has not yet been included in a Premier League squad so far this season despite first choice striker Gabriel Jesus being out injured.
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