Everton submitted a £35 million offer for AS Monaco forward Folarin Balogun, with the deal potentially rising to $54 million through add-ons, according to ESPN sources. The Toffees are actively pushing to land the striker as they look to strengthen their attack. Balogun has been a consistent performer in Ligue 1 and represents a significant investment for Everton as they continue their squad overhaul. The fee structure suggests the club believes in his potential while protecting themselves financially through performance-based payments. Whether Monaco accepts this opening bid remains unclear, but the submission indicates serious intent from Everton's ownership group to compete this season.