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Folarin Balogun is set to remain at Monaco after his proposed transfer to Everton collapsed on Tuesday, just hours before the English transfer window closed.
Reports indicate that Balogun failed his medical examination. This prompted Everton to renegotiate the terms of the deal, leading the striker to withdraw from the transfer. Consequently, he will stay with the Ligue 1 side.
On Monday, numerous sources reported that Monaco and Everton had agreed on a transfer fee of approximately €45 million ($52.3 million USD), plus an additional €5 million ($5.8 million) in bonuses. Balogun was reportedly set to sign a four-year contract with an option for a further year. The transfer was expected to be finalized just before the Premier League's summer transfer window shut on Tuesday, with Everton hoping to bolster their attack for the new season.
Balogun enjoyed a stellar season with Monaco last year, netting 19 goals and providing 5 assists across all competitions. The forward scored nine goals in Monaco's final 12 regular-season matches, despite the French giants finishing seventh. Balogun concluded the year as the fourth-highest scorer in Ligue 1.
This move would have marked Balogun's return to England. He grew up in London, came through Arsenal's academy, and began his professional career with the Gunners before moving to France in 2023.
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