Transfer: You can only leave if a club pays £50m – Arteta warns Arsenal striker

Arsenal are digging their heels in with unsettled striker Folarin Balogun, the UK Sun reports.

Balogun has been told his asking price has been set at a whopping £50million.

The US striker spent last season at Reims in Ligue 1.

The 21-year-old scored 21 times in France’s top flight and has been attracting interest from a few clubs in England.

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Balogun is ready to be first-choice and does not want to go out on loan again.

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But Gunners boss, Mikel Arteta, would rather keep Balogun than allow him go on a cheap.