By Our Correspondent
Ligue 1 club, Monaco have confirmed the signing of Folarin Balogun from Arsenal.
The principality club paid £34m to secure the services of the striker.
There is also a 17.5% sell on clause inserted in the deal.
The 22-year-old put pen to paper on a five-year contract.
Balogun caught the eye after scoring 22 goals in 39 matches while on loan at another Ligue 1 club, Stade Reims from Arsenal last season.
The forward leaves Arsenal after having been at the club since the age of 10.