Arsenal News LIVE: Rice TRANSFER BOOST, Caicedo BIDDING WAR, Nketiah Injury UPDATE, Balogun PRICE TAG – the latest

Good morning Arsenal Footy fans

Arsenal want at least £26.5m for child prodigy Folarin Balogun.

And they are prepared for an offer from AC Milan.

Balogun set Ligue 1 on fire during his loan spell at Reims, scoring 18 goals in the process.

But there may not be a place for him at Arsenal next season and Calciomercato claim Milan are preparing an offer after getting a number from Mikel Arteta.

Meanwhile, Arsenal are reportedly hoping to sign Real Madrid midfielder Brahim Diaz, who has been loaned out at AC Milan.

Italian journalist Carlo Pellegatti said: “Milan management would like to keep Brahim Diaz, they would like to start negotiations as if he were a new signing, forgetting about the buy and buy-back option.

“Milan starts at 16 million but there is another variable: it seems that Arteta, the current Arsenal manager, likes the player a lot.

“The Gunners could offer 30 million. In this case, the negotiation would be complicated. There are many variables but Milan would like to keep him.”

Finally, the Wolves are still working on a long-term deal for contract rebel Ruben Neves.

The Portuguese midfielder’s contract with Molineux expires next summer.

However, SunSport understand Wolves are preparing a last-ditch effort to stop the 26-year-old from leaving on a reduced fee.

Arsenal have previously been monitoring the situation, while Manchester United almost snapped the £40million-valued playmaker on two separate occasions.