AS Monaco are willing to get closer to Arsenal's valuation for Folarin Balogun.

ASM had an offer of £35m rejected by Arsenal last week.

The Daily Mail says ASM will return with a new bid potentially today.

Arsenal want £50m to sell the USA striker with talks having continued over the past week.

Arsenal's sporting director Edu Gaspar and his Monaco counterpart Thiago Scuro have maintained contact seeking a compromise over Balogun's fee.