Agreement between AS Monaco and Everton for Balogun's transfer

AS Monaco and Everton have reached an agreement for the transfer of American forward Folarin Balogun to Everton, according to L'Équipe.

The transfer fee is set at €45 million, potentially rising to €50 million if the agreed incentives and bonuses between the two clubs are met.

The agreement includes AS Monaco receiving a percentage of Folarin Balogun's future resale value, providing the French club with additional financial benefits from the deal if the player moves to another club.

Folarin Balogun, aged 25, is preparing for a new experience in the Premier League with Everton, following his time at Arsenal.