Everton have reached a full agreement to sign Folarin Balogun, with the United States striker set to leave Monaco after the clubs completed negotiations over a €45 million
Everton will pay €45m up front, with another €5m available in add-ons. The agreement also includes a sell-on clause.
Club Agreement Done
The final breakthrough means Everton have secured one of their major attacking targets.
The club-to-club agreement has been completed, while Balogun has also accepted Everton's contract proposal.
The American international is now authorised to travel for his medical on Tuesday, with the formalities of the transfer expected to follow.
For Everton, the move represents a significant investment in a striker they believe can lead their attack for years to come.
Balogun Gets His Premier League Return
The transfer also gives Balogun another opportunity to establish himself in English football.
The New York-born striker developed in Arsenal's academy and made his senior debut for the Gunners before eventually moving permanently to Monaco.
His time in France produced some of the most impressive football of his young career, particularly during his loan spell at Reims, where he scored 21 Ligue 1 goals during the 2022/23 campaign.
That form helped establish him as one of the most exciting young forwards in European football.
Now Everton believe he can reproduce that level in the Premier League.
A Major Move for Everton
The financial commitment underlines the importance of the deal.
A potential €50m total package makes Balogun one of Everton's significant attacking investments, while the sell-on clause gives Monaco the opportunity to benefit from any future transfer.
For Everton, however, the priority is immediate.
They need Balogun's pace, movement and finishing ability to translate into goals.
The 24-year-old will now have the opportunity to become the focal point of the Toffees' attack.
The Final Step
Balogun still has to complete his medical before the transfer can be formally finalised.
But with the player agreement and club agreement already completed, the major work has been done.
Everton have their striker. Balogun has his Premier League return.
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