Sheffield United have seen a £3million bid rejected for Arsenal youngster Folarin Balogun - because the north London club want FIVE times that amount.

Chris Wilder has identified Balogun, 19, as the ideal recruit to bolster his attacking options at Bramall Lane this summer.

The striker, who is yet to make a first-team appearance for Arsenal, has scored 13 goals in 31 games for their Under-23 side.

He was also prolific for the Gunners’ Under-18s, bagging 38 goals in 41 appearances.

But according to the Daily Mail , United have been left stunned by Arsenal’s £15million asking price for Balogun.

Sheffield United have seen a £3million bid rejected for Arsenal youngster Folarin Balogun, with the 19-year-old valued at a whopping £15million

Considering he has never made a senior appearance, and has also recently entered the final year of his contract, the Gunners have slapped a surprisingly hefty price tag on their academy star.

He will be free to begin negotiating a move abroad at the turn of the year, which would see Arsenal only receive a small compensation fee next summer.

Balogun, who is yet to make a senior appearance for the Gunners, has scored 13 goals in 31 games for their Under-23s

It is believed a move abroad is becoming more and more likely for him, with United highly unlikely to meet his £15million asking price.

Brentford also failed with a £5million bid for Balogun in the January transfer window.

The New York-born teenager has also earned ten caps for England’s Under-18 outfit, scoring three goals, despite previously representing the United States.

Chris Wilder is keen to bolster his attack at Bramall Lane this summer

Wilder is on the hunt for attacking reinforcements following United’s 2-0 defeat against Wolves on the opening weekend of the new Premier League season.

Oli McBurnie and Billy Sharp both failed to get on the scoresheet at Bramall Lane, with goals from Raul Jimenez and Romain Saiss sealing the victory for Nuno Espirito Santo’s men.

The Blades have also been linked with a move for Liverpool youngster Rhian Brewster

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Now the Blades boss wants to strengthen a frontline that also includes David McGoldrick, Lys Mousset and Oliver Burke.

They have also been linked with a move for Liverpool academy graduate Rhian Brewster, who the Premier League champions are ready to cash in on to fund a move for Watford winger Ismaila Sarr.