Arsenal striker Folarin Balogun is nearing a £35m move to Monaco despite interest from Chelsea and Inter Milan.
Negotiations are continuing but the 22-year-old is expected to return to France, where he enjoyed a prolific loan spell with Reims last season.
Chelsea and Inter Milan had also enquired about signing the United States international.
Meanwhile, Arsenal defender Kieran Tierney is expected to join Real Sociedad on a season-long loan.
The 26-year-old Scotland international has featured more than 120 times for the Gunners since moving from Celtic in 2019 but made just six Premier League starts last season.