Arsenal are demanding big money for Folarin Balogun this summer.

After his record-breaking loan with Reims in France last season, Balogun is set to depart in the coming months.

Gazzetta reports Inter Milan chief Piero Ausilio has been in London this week for talks with Arsenal over the striker.

The Gunners are willing to sell, but want £40m for Balogun.

Such a price is out of range for Inter and instead Ausiiio is attempting to set up a loan arrangement.