Arsenal have reportedly rekindled talks over a new contract for striker Folarin Balogun.

The 19-year-old was wanted by Sheffield United during the summer, only for Arsenal to reject a £3m bid for his services and place a £15m asking price on his head.

However, Balogun's current contract at the Emirates Stadium is due to expire next year, meaning that he would be able to leave on a free transfer next summer and is able to open talks with foreign clubs from January.

Brentford are also understood to have had a multi-million pound bid for the youngster turned down in the past, and The Athletic reports that manager Mikel Arteta is keen to keep hold of him beyond 2021 and has subsequently revived talks over a contract extension.

Balogun has been in prolific form for Arsenal's youth teams in recent years and made his senior debut for the club in their Europa League clash with Dundalk last month.

Southampton, Brighton & Hove Albion and AC Milan are among the other clubs to have been credited with an interest in Balogun.