The U.S international striker has spent all summer waiting for the right opportunity in the transfer market and a chance to move to the Premier League is finally opening up.
Everton have been in talks to sign Richarlison from Tottenham and Jack Grealish from Manchester City in recent days, but the possibility of signing Balogun is an additional aspect of their transfer planning that has begun to show hope.
Sources have indicated to Flashscore that the chance of Balogun making a transfer before the deadline is very real, but there remains a need for any offer to satisfy his current club.
Initial talk of an €18 million transfer has begun to surface but it is expected that any eventual agreement would need to be negotiated beyond that level as the club's stance on his market value is tested.
Earlier in the summer, Monaco set out with a €50 million price tag on the player, who starred at the World Cup.
The chance of playing in England again is likely to hold special appeal to Balogun, who was born in New York but grew up in London.
Balogun, 25, started out at Arsenal but struggled to make an impact on the first team and moved to Monaco in 2023.
He has continued to grow his profile and reputation in Ligue 1 and on the international stage, to the point he is now considered ready for England's top division.
Much will now depend on whether Monaco can be convinced they are getting a good return on the €30 million they paid for him three years ago.
Dean Jones is a transfer news and football insider for Flashscore, since 2025. He has been a journalist on leading UK newspapers and websites over the past 20 years, establishing himself as an authoritative and trusted voice in the industry.
