Everton are in advanced negotiations with Monaco to sign Folarin Balogun, talkSPORT understands.It is understood Monaco are seeking £40million for the 25-year-old.Balogun could be back on English shoresGettyThe Toffees are racing to complete a deal for Balogun ahead of the window slamming shut at 11pm on Tuesday.David Moyes’ side have been in the market for a new presence up top, with Beto reportedly headed for Fiorentina.And Balogun is eyed as the ideal candidate, especially given his previous experience of English football.Balogun came through Arsenal’s famed academy and went on to make 10 first team appearances for the club, including two in the Premier League.However, it wasn’t until the 2022/23 campaign when Balogun truly broke out as he scored 22 goals while on loan at French outfit Reims.Balogun’s haul prompted Monaco to sign him for an initial £25.7million in August 2023.The ex-Gunners prodigy has since netted 31 goals in 91 appearances across all competitions for Monaco and was named their Player of the Season for the 2025/26 campaign.This is a developing story and is being updated.For the latest updates, breaking news alerts, and comprehensive analysis, refresh this page or follow our real-time news coverage by watching and listening to talkSPORT live.For broader context, explore related coverage on our homepage for the top trending stories. For the latest talkSPORT videos, download the app.talkSPORT cares about getting it right, not just getting it first and because this is a developing situation, details will change. We will be updating this page constantly with verified info, expert takes, and official statements.Stay tuned for further developments as this story continues to break.