Arsenal has reportedly rejected a bid worth in excess of £3million from Sheffield United for youth striker Folarin Balogun.
The Blades are understood to have offered £3m plus add-ons for the 19-year-old.
The Gunners want a deal worth a total of £15m for the US-born forward, to include an initial fee plus various bonus payments.
Arsenal’s valuation stunned the Blades given Balogun will be free to sign a pre-contract agreement from January to leave at the end of his current deal, a situation which will earn the Gunners a small compensation fee.
