The report says PSG raised Balogun’s situation during discussions with Monaco over Maghnes Akliouche. Monaco are not actively looking to sell, and would want to identify a replacement before letting the forward leave.
A reported valuation of around £40 million would make any approach a significant commitment. Balogun’s form helps explain the price: the report credits him with 19 goals for Monaco in 2025-26 and three goals in four World Cup matches. Monaco are also said to be positioned for a sizeable profit on the fee they paid Arsenal in 2023.
For Tottenham, Balogun would address a need rather than simply add depth. The report points to Dominic Solanke’s injury problems and uncertainty around Richarlison’s future as reasons the club is still assessing its options at centre-forward.
Sunderland have also been linked, but PSG’s involvement could make the contest harder for other interested clubs. Even so, Monaco’s terms mean a prospective buyer may need more than financial muscle: Balogun would first have to be open to leaving.
The next signs to watch are whether Monaco pursue a replacement and whether Balogun signals a desire to move. Until those pieces fall into place, PSG’s enquiry looks like an opening step, not a guarantee that the striker will be available.