Inter are in the market for a striker and have been looking at several options as they seek to add a new number 9 to their team.
The Nerazzurri have been keeping tabs on several strikers but their priority target this summer is Balogun.
The 22-year-old forward had a great loan spell in France last season and his future at Arsenal is under the scanner in the ongoing transfer window.
According to Italian daily Corriere dello Sport (via Tutto Mercato), Inter are now working on tabling a bid to sign the forward from Arsenal this summer.
The Nerazzurri are prepared to put in an offer worth €35m as part of a loan deal with an obligation to buy.
The Serie A giants are also keen to add a few more add-ons to further pad out their offer for the striker.
Arsenal are open to offers for him but want at least €40m before agreeing to sell him this summer.
