Arsenal striker Folarin Balogun has officially left the club on a permanent deal.

The United States forward has completed his £38 million move to French giants Monaco, per The Mail.

Balogun excelled in Ligue 1 last season, showing his goal scoring prowess with Reims.

Given he scored 21 league goals last term, Monaco were impressed enough to splash big money on Balogun.

Arsenal will be delighted to receive a big fee for one of their most prized saleable assets.

The Gunners have recouped funds after spending big on the likes of Kai Havertz and Declan Rice this summer.