Arsenal have cut their price for Folarin Balogun.

Inter Milan are in talks to sign the striker, though have balked at Arsenal's £50m assessment.

However, Il Corriere dello Sport says Arsenal have now cut Balogun's price to £35m to smooth negotiations.

Balogun is ready to leave the Gunners and was left out of Saturday's preseason defeat to Manchester United in New Jersey.

Inter see the USA international as an alternative to Chelsea striker Romelu Lukaku.