The 20-year-old penned a new deal with the club until 2025 earlier this year but continues to struggle for opportunities over the likes of Eddie Nketiah, Alexandre Lacazette and Pierre-Emerick Aubameyang.
Balogun played in both of Arsenal's opening defeats to Brentford and Chelsea this season but has not made a Premier League appearance since, instead being restricted to the Under-23s and seven minutes in the EFL Cup.
Now, The Athletic reports that Balogun is set to leave Arsenal on loan over the winter, and the England Under-21 international has attracted 'huge' interest from elsewhere.
However, the report adds that with Lacazette and Nketiah potentially leaving the club next month before their deals expire in the summer - as well as Aubameyang's participation in the Africa Cup of Nations - Balogun could yet be given more first-team opportunities in the New Year.
Balogun has scored 14 goals and assisted four more in 10 Premier League 2 appearances this season and scored his first goal for the England Under-21s against the Czech Republic last month. body check tags ::