Arsenal have slapped a £50 MILLION asking price on Folarin Balogun.

The striker has come off a record-breaking season-long loan with Reims in France.

Balogun is ready to leave Arsenal this summer to maintain his career momentum.

AC Milan and Inter Milan are among clubs keen on the new USA cap.

Sky Sports' Dharmesh Sheth is reporting Arsenal are demanding a huge £50m to sell Balogun over the coming months.