Foreign clubs are circling for Arsenal striker Folarin Balogun.

Bayer Leverkusen are one of three clubs that are keen on signing Balogun on a free transfer.

The 19-year-old is set to depart the Emirates in the summer when his contract expires with contract negotiations believed to have stalled.

Arsenal have been desperate to tie the youngster down to a new deal as they restarted talks with the player in November.

But there is now growing fears that the club are resigned to losing the England youth international who could move abroad in search of regular game time.

The Mirror reports Bayer Leverkusen have emerged a possible destination for Balogun and are ready to offer him a lucrative contract.

The news outlet also stated that fellow Bundesliga side Stuttgart are interested in the American-born forward, as well as Ligue 1 outfit Rennes.