Edu identifies shock £30m target for deadline day as £34m deal confirmed

Arsenal transfer news: All the latest Gunners rumours with updates on Alexander Bah, Folarin Balogun and Emile Smith Rowe

Your Arsenal transfer round-up on Thursday, August 31.

New defensive target for Arsenal

Arsenal have less than 48 hours to bring in any additional players before the summer transfer window slams shut.

The injury to Jurrien Timber has left Mikel Arteta's side slightly short at the back, especially when you consider Takehiro Tomiyasu and Oleksandr Zinchenko both have endured numerous fitness issues in the past.

According to Danish outlet Tipsbladet, a number of Premier League sides, including Arsenal, are interested in the 25-year-old, who is said to be valued by the Portuguese giants at around €30million-€35million (£26million-£30million).

Balogun exit confirmed

AS Monaco have confirmed the signing of Folarin Balogun from Arsenal in a deal worth €40million (£34million) with a 17.5% sell on clause, football.london understands.

A statement via Arsenal.com reads: "Folarin Balogun has joined Ligue 1 side AS Monaco in a permanent transfer. The 22-year-old forward joined us at the age of ten and developed through our Academy, enjoying success in all age categories in youth football, signing his first professional contract with us in February 2019.

"We thank Folarin for his contribution to Arsenal, through our Academy into the first team, and wish him the best of health and happiness in his new chapter at AS Monaco. The deal is subject to the completion of regulatory processes."

Smith Rowe approach

Arsenal star Emile Smith Rowe could still seal a permanent transfer out of Emirates Stadium despite Chelsea's interest dissipating.

football.london understands Chelsea have finalised a move for Cole Palmer which likely means