The Cottagers rejected a £26m bid from the Saudi Arabian giants earlier this summer, but they have now received an improved £40m offer.

They are expected to sanction the sale in the coming days, considering the Serbian has already agreed personal terms with Al-Hilal.

It is now reported by Daily Mail that the Cottagers are lining up an approach for Balogun, who is currently valued at £50m by Arsenal .

It is unclear whether they will pay the entire asking price, but the Gunners are adamant that they won't sell him for anything less.

Apart from Fulham , Monaco are also interested in landing his services, but they have yet to meet the demands of the London side.

Their recent offer of around £38m was turned down, but they are bound to make a fresh bid for him before the end of the week.

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