Folarin Balogun has completed his move from Arsenal to Monaco in a transfer worth €40million (£34.4m; $43.4m) after add-ons.
The two clubs agreed a fee of €30m plus €10m in add-ons for the USMNT striker, and Arsenal have inserted a 17.5 per cent sell-on clause into the deal.
The 22-year-old has signed a five-year contract with the Ligue 1 club.
The Athletic reported earlier this month that Monaco had a formal offer for Balogun rejected by Arsenal. The Ligue 1 side’s sporting director, Thiago Scuro, has a strong relationship with Edu, his opposite number at Arsenal.
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