Chelsea, Inter Milan and Monaco have all enquired about signing Arsenal striker Folarin Balogun.
Arsenal's valuation of the 22-year-old, believed to be in the region of £50m, has meant that Chelsea have not made an offer as things stand.
French side Monaco have reportedly had a bid rejected by Arsenal, with Inter also interested.
The American enjoyed an excellent campaign on loan at Ligue 1 side Reims last season, scoring 22 goals.
Arsenal would be willing to let Balogun leave if a suitable offer was made, with forward seemingly not a part of manager Mikel Arteta's plans.