Highly rated young striker Folarin signed a long-term contract with the club last season, shortly after netting his first-ever senior goals.
The American-born forward, who joined the Gunners Academy in 2012, has been prolific throughout his time in the youth setup, most notably in 2018/19 when he fired our under-18s to the league title with 25 goals in 19 games.
He transferred this form to the first team last term, scoring twice in the Europa League from just five substitute appearances. Fast, intelligent and a natural-born finisher, Balogun also impressed for the Under-23s in 2020/21, scoring seven times in the Premier League 2.
Eligible for Nigeria, USA and England, he has represented the latter up to under-21 level.