Chelsea agree terms with Arsenal forward ahead of £50m deal: report

Chelsea manager Mauricio Pochettino looks on during the Premier League match between West Ham United and Chelsea FC at London Stadium on August 20, 2023 in London, England.
(Image credit: Darren Walsh/Chelsea FC via Getty Images)

Chelsea want an Arsenal attacker for £50 million and have reportedly agreed terms on a move.

The Blues are yet to win in the Premier League under new manager Mauricio Pochettino after crashing to defeat away at West Ham United at the weekend. With close to a billion pounds spent in the transfer market since the takeover of the club last year, the squad is still in need of a little improvement.

One area remains up front, where Nicolas Jackson has been the only option for Pochettino at No.9. Now, a homegrown option may have presented itself. 

Nicolas Jackson #43 of Chelsea celebrates a goal during the second half of the pre season friendly match against the Brighton & Hove Albion at Lincoln Financial Field on July 22, 2023 in Philadelphia, Pennsylvania.

Nicolas Jackson is Chelsea's only real option up front (Image credit: Darren Walsh/Chelsea FC via Getty Images)

Football Transfers says that Chelsea have agreed terms with Folarin Balogun of Arsenal over a move, with the Gunners demanding £50 million for the United States international.

Balogun scored 21 goals on loan in France last season but his parent club boast Gabriel Jesus, Eddie Nketiah, Leandro Trossard and Kai Havertz all above him in the pecking order. Arsenal have spent £200m this summer and would like to recoup a quarter of that on Balogun alone. 

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The Evening Standard claimed that bitter north London foes Tottenham enquired about the star, while Fulham, Monaco and Inter Milan have all been linked with a move. Few, though, have been able to match the Gunners' valuation.

That's something that won't bother Chelsea, who have already spent well over £300m in the market. The Blues have managed to recoup much more than Arsenal by selling their deadwood, however. 

Folarin Balogun of Arsenal FC controls the ball during the pre-season friendly match between 1. FC Nürnberg and Arsenal FC at Max-Morlock Stadion on July 13, 2023 in Nuremberg, Germany.

Folarin Balogun is highly rated by Arsenal (Image credit: Alex Grimm/Getty Images)

Though rivals, Chelsea and Arsenal have done plenty of business in the past, with the west Londoners selling the north Londoners Kai Havertz and Jorginho in the last year alone. 

Balogun is valued at €30m by Transfermarkt

More Chelsea and Arsenal stories

Having already signed Christopher Nkunku and Nicolas Jackson in attack, the Blues have been linked with a sensational swoop for Kylian Mbappe. The two-time European champions are still trying to offload Romelu Lukaku, though, with the striker thought to favour a move to Juventus.

The Gunners are reportedly willing to offer two players to Inter Milan in exchange for Nicolo Barella – and they could be about to complete the signing of David Raya from Brentford on quite an unusual basis. Arsenal are also said to have made an audacious approach for one of Barcelona’s most exciting young talents.

In FourFourTwo's Season Preview, we ask whether Arsenal are truly back, following last season's title challenge and discusses how Chelsea can recover from last campaign.

Mark White
Content Editor

Mark White is the Digital Content Editor at FourFourTwo. During his time on the brand, Mark has written three cover features on Mikel Arteta, Martin Odegaard and the Invincibles, and has written pieces on subjects ranging from Sir Bobby Robson’s time at Barcelona to the career of Robinho. An encyclopedia of football trivia and collector of shirts, he first joined the team back in 2020 as a staff writer.