This was confirmed by football transfer expert Fabrizio Romano.
“Full agreement completed between Arsenal and Reims for Folarin Balogun, as reported yesterday.
“Documents to be signed in the next 24/48h – player will be soon on his way to France in order to undergo medical tests.
“It’s a loan move valid until June 2023,” Romano tweeted Monday morning.
Following the arrival of Gabriel Jesus from Manchester City, Balogun is likely to settle for being third-choice striker behind the Brazilian and Eddie Nketiah.
Balogun was on loan at Middlesbrough in the Championship last season, scoring three goals.