This week, Balogun finalized a transfer to Monaco for a sum of €40 million.
The American forward has made a comeback to Ligue 1, the same league in which he was temporarily affiliated with Reims during the previous season.
During his media interaction on Friday, Arteta acknowledged that there is now no room for Balogun within his squad.
Regrettably, our squad lacked the capacity to allocate sufficient playing time to accommodate his needs.
The individual expressed a desire for the opportunity to further advance their professional trajectory. I am genuinely pleased for him.
Balogun garnered attention from prominent Premier League clubs, including Arsenal's counterparts Chelsea and Tottenham Hotspur.