Arsenal are close to agreeing a new contract with young striker, Folarin Balogun, according to a fresh report from the Daily Mail.
The youngster has failed to come to terms on a new deal for a while but it appears the Gunners have now made a breakthrough in talks.
Balogun is set to sign a long-term deal with the club and put to bed speculation on his future. It should put an end to any interest in Balogun from abroad, with teams in the Bundesliga among those who have been chasing him.

Balogun has not been involved too much this season and had made it known he wanted first team minutes before committing his future. This new deal suggests Mikel Arteta has convinced him he will get playing time into the new season and beyond.
Arsenal fans will be relieved to hear the news on Balogun. There were fears that the youngster would be another who slipped the net.
TBR View: Big news for Arsenal and high hopes for the future
This is massive for Arsenal, just for the fact that Balogun is set to be one of the brightest prospects going in England at the moment.
Balogun’s future has been up in the air for some time but this is a major breakthrough for the Gunners and shows they do have the pulling power to attract players.
The big question now will be if and when Balogun gets the minutes.
Receive weekly football news and updates to your mailbox
