AS Monaco have completed the signing of Arsenal striker Folarin Balogun.

Balogun moves to Monaco on a five-year contract and for an initial fee of £35m.

The 22-year-old USA international returns to France after scoring 22 goals on loan at Reims last season.

In a statement on their website, Arsenal said: "We thank Folarin for his contribution to Arsenal, through our academy into the first team, and wish him the best of health and happiness in his new chapter at Monaco."