There is still a fair bit of distance separating Inter Milan and Arsenal regarding a fee for striker Folarin Balogun.

This according to today’s print edition of Milan-based newspaper Il Giornale, via FCInterNews, who report that the Gunners are continuing to hold out for a fee in the region of €45-50 million as the Nerazzurri begin to make their move.

Inter look to have made Arsenal striker Balogun their main target following their failure to land Gianluca Scamacca.

Yesterday the club’s directors and Simone Inzaghi held a meeting to discuss their strategy. The decision is that Balogun is the player that they’ll go after.

The coming days should see the Nerazzurri’s pursuit of Balogun take off more than ever.

Moreover, the 22-year-old is reportedly pushing to make the switch happen.

However, Inter have yet to really see whether they’ll be able to find an agreement with Arsenal on a fee.

Inter Milan Yet To Bring Down Arsenal Asking Price For Folarin Balogun

Inter’s hope has been to sign Balogun for around €30 million.

That is around what the Nerazzurri had been willing to invest to sign Scamacca.

West Ham United had turned down a bit of €22 million, and €25 million plus add-ons for the Italian. But Inter could go somewhat higher for Balogun.

However, Il Giornale report, the Nerazzurri are aiming to pay less than €40 million for the American. Their strategy could be to offer a not inconsiderable percentage of resale as part of the deal.

But for their part, the Gunners haven’t yet come down in their asking price.

Il Giornale report that the Londoners still want a minimum of €45-50 million.

Therefore, the coming days will see whether Arsenal are willing to lower their demands.

And in the meantime, Il Giornale reports, Inter President Steven Zhang is also reflecting on whether or to he could consider improving an investment in Atletico Madrid’s Alvaro Morata.