Folarin Balogun has completed a permanent move to French club Monaco from Arsenal.

The PA news agency understands the deal for the 22-year-old United States forward is worth 40million euro (£34.3m) and also includes a sell-on clause of 17.5 per cent.

Monaco confirmed Balogun had signed a five-year contract until June 2028.

Balogun joined the Gunners aged 10 and developed through the club’s academy before signing a first professional contract in February 2019 and made his senior debut in the Europa League the following year.

In January 2022, Balogun joined Sky Bet Championship side Middlesbrough on loan and he spent last season in Ligue 1 at Reims, where he scored 21 goals.

A club statement from the Gunners read: “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 Monaco.”

The global transfer spending record has been broken this summer, according to figures from Transfermarkt.

Clubs worldwide have spent a combined £6.56billion on 1,617 players so far, surpassing the previous high for a single window of £6.51bn set in 2019.

Here, the PA news agency breaks down the record-breaking total.

Highest spending leagues

The Premier League is comfortably the highest-spending division in 2023-24, with almost £2.1bn having been invested in 269 players.

The Saudi Pro League is second on the list with a combined total of £727million, ahead of Italy’s Serie A (£683m), Germany’s Bundesliga (£598m), France’s Ligue 1 (£597m) and Spain’s LaLiga (£342m).

The English top flight has moved further clear of rival leagues compared with 2019, with Premier League spending almost doubling in value and now accounting for 32 per cent of the global total, up from 20 per cent four years ago.

In contrast, the remaining four of Europe’s ‘big five’ leagues have all spent less than they did in 2019, albeit with more than 48 hours of the window still to go.

Those declines have been offset by a huge rise in Saudi Pro League spending, from less than 1 per cent of the total in 2019 to more than 11 per cent in 2023.

The increase in Saudi Arabia’s market share has come at the expense of LaLiga clubs in particular, whose spending is worth just five per cent of the worldwide total this summer – compared with 18 per cent four years ago.

Highest spending clubs

Chelsea have spent £359m on new players this summer, the most of any club worldwide according to Transfermarkt.

The Blues are top of the spending charts for the third consecutive window under Todd Boehly’s ownership, with their total transfer outlay closing in on £1bn since last summer’s takeover.

Unlike previous windows, however, Saudi Arabia’s Al-Hilal (£304m) are the second-highest spending club, ahead of Arsenal (£202m), PSG (£180m), Tottenham (£166m) and Manchester United (£165m).

The remaining three clubs owned by the gulf state’s Public Investment Fund – Al-Ahli (£157m), Al-Nassr (£142m) and Al-Ittihad (£65m) – also feature in the top 25 highest spenders so far this season.

Most expensive transfers

Despite the rise in Saudi Pro League spending, all three nine-figure transfers this summer have involved Premier League clubs.

Moises Caicedo, Harry Kane and Declan Rice all moved for an initial £100m, with Brighton, Tottenham and West Ham extracting club-record fees for their prized assets.

Caicedo and Rice stayed in the English top flight by moving to Chelsea and Arsenal respectively, while Kane joined 11-time reigning Bundesliga champions Bayern Munich in search of silverware.

At an initial £88.5m, Jude Bellingham’s switch from Borussia Dortmund to Real Madrid is fourth on the list, while Manchester City’s Josko Gvardiol and Al-Hilal’s Neymar are joint-fifth having joined for £77.6m from RB Leipzig and PSG respectively.

Lily Miyazaki’s US Open adventure was ended in the second round by Olympic champion Belinda Bencic.

The 27-year-old came through three matches to qualify at Flushing Meadows for the first time and then picked up a maiden grand slam win against Margarita Betova in round one.

But the world number 198 found 15th seed Bencic, of Switzerland, too tough a nut to crack as she bowed out 6-3 6-3.

Miyazaki still leaves New York with the consolation prize of having virtually doubled her earnings for the year with a £98,000 pay day for winning her first-round match.

A break early in the first set and two in the second set proved her undoing, although she did break the Bencic serve late on, prompting the 26-year-old to fling her racket to the ground.

But ultimately Bencic, a former semi-finalist, was too strong for the Tokyo-born debutant and broke again to seal the victory.

Miyazaki was supported once more by fellow Brit Jodie Burrage, who faces world number two Aryna Sabalenka in her second-round match on Thursday.

Burrage, who beat Anna Blinkova in straight sets on Tuesday night, said: “It’s a massive match. Probably one of the biggest ones I would have played in my career.

“But I’ll go out there and enjoy it like I always do. I’ll take the confidence from the matches I played this week and the last few weeks and months. Like everything, it’s lessons I’ve been learning from.”

Burrage feels her run here and to the second round at Wimbledon have earned her the respect of her peers in the locker room.

“I hope so. I hope that’s the reputation I’m getting,” she added.

“A few more of the girls, I start hitting with them, then you know them a little bit more. In the locker room, as well, it really is a place where you can chat to people and get to know people a little bit more.

“I’ve been speaking to Jessie Pegula a little bit because she’s in my bit of the locker room. Mostly we’re talking about the adidas outfit, what we’re wearing. Those little things start the conversations.

“But, yeah, hopefully they are building respect for me and finding who I am out as a player – hopefully not too soon because I think that surprise is helping me at the moment.”

British number one Katie Boulter has a big chance to move into the third round as she takes on Chinese world number 114 Wang Yafan.

Kyle Sinckler was inspired to play for England by the 2003 World Cup final – despite being forced to miss Jonny Wilkinson’s drop-goal in order to study maths.

Sinckler was 10 years old when he watched on television as Martin Johnson’s side were held 14-14 by Australia at the end of 80 minutes, ushering in a period of extra time that was ultimately settled by Wilkinson’s boot.

But the enthralled Sinckler never got to see the greatest moment in English rugby history as his mum Donna had ordered him to study.

“Watching 2003 was a massive motivator for me. I remember when the final was on, I had a maths tutor,” the Bristol prop said.

“Obviously it went to extra time and then my mum – honestly I don’t know, she’s so ruthless that woman sometimes – she literally turned the TV off and took me to my maths tutor.

“So I had to do my maths lesson and I found out afterwards that we’d won! Honestly, it was full-time and she said ‘you’re going to your maths tutor’. I said: ‘You’re joking!’

“But she was adamant: ‘Nope. I’m paying my money. I’m working hard to pay for your maths tutor so you’re going.’

“I was like: ‘You are so evil, ridiculous!’ Don’t even start with that woman! Nuts. Nuts!

“Before that I was literally glued to the TV, it was so inspiring for me watching that. It gave me, I guess, the hope that I wanted to emulate that one day.”

England are desperately short of form for their latest attempt to claim a second world title having lost five of their last six Tests.

They open France 2023 with a tricky clash against Argentina, who sit two places higher in the global rankings in sixth.

“It’s the real deal straight away. Every Test match you play it’s tough. I’ve never had an easy Test match in my life,” said Sinckler, who is expected to overcome a chest injury in time to face the Pumas.

“It pushes you to the limit and that’s why it’s called a Test – it does test you. But if you want to be the best, you’ve got to beat the best.”

Harry Maguire has yet to play for Manchester United this season but could be part of the England squad announced on Thursday as Gareth Southgate deals with defensive headaches.

The Euro 2020 runners-up continue the road to next summer’s tournament with a qualifier against Ukraine in Poland on September 9, before playing a friendly in Scotland three days later.

There have been few surprises in recent selections and that theme is likely to continue when Southgate names his squad for the double-header at St George’s Park on Thursday.

The England boss is expected to largely stick with the tried and tested, meaning the likes of and Maguire, Kalvin Phillips and Jordan Henderson may get the nod despite questions over their international futures.

Maguire was replaced as Manchester United captain over the summer having fallen down the pecking order and has yet to play for Erik ten Hag’s side this season.

The 30-year-old’s last competitive match was June’s 7-0 win against North Macedonia and his next could also come in an England shirt due to a lack of centre-back options.

John Stones has yet to feature in the league this term due to a hip problem and Tyrone Mings, who returned to the international squad in June, has suffered a serious knee injury.

Eric Dier is fit but has not even made the bench for Tottenham this season and has been widely linked with a move before Friday’s transfer deadline.

Ben White, Fikayo Tomori, Marc Guehi and Lewis Dunk are options, while Chelsea defender Levi Colwill is expected to receive his first formal call-up.

The 20-year-old centre-back spent time with the senior set-up in June, including travelling to Malta, before going on to help England Under-21s win the European Championship.

In midfield, Southgate has decisions to make over Phillips and Henderson – two key members of his squad in recent years.

The former has struggled to make an impact at treble-winning Manchester City since joining from Leeds last summer and has yet to play a minute this term.

Southgate previously indicated a continued lack of game time could impact Phillips and Maguire, while Henderson’s move to Saudi Arabia raises questions over his international role ahead of the Euros.

England’s vice-captain joined Al-Ettifaq in the summer – a move that Southgate said makes it harder to assess the 33-year-old’s level, albeit clarifying “we would be stupid” to rule him out.

There is better news regarding another of England’s most experienced players after Raheem Sterling’s return to form after a sticky first campaign at Chelsea.

The 82-cap forward has not played for England since the World Cup quarter-final defeat to France, with injury ruling him out in March and a hamstring issue lying him low in June.

That omission was described as a “mutual decision” that appears to have paid off given Sterling’s lively start to the new season, including a brace and assist in Friday’s 3-0 win over Luton.

Chelsea team-mate Reece James is set to miss September’s matches through injury, as are the Manchester United duo of Luke Shaw and Mason Mount.

Morgan Gibbs-White, a key part of England’s Under-21s Euros triumph, is pushing to get his first call-up after continuing where he left off back at Nottingham Forest.

Eberechi Eze will be looking to maintain his place having made his debut in June and Rico Henry is another reportedly in contention.

Brentford team-mate Ivan Toney remains unavailable as he serves a Football Association betting ban and Roma’s Tammy Abraham is recovering from reconstructive surgery on the anterior cruciate ligament in his left knee.

Callum Wilson has not started for Newcastle this season but fellow striker Ollie Watkins – whose last cap came in March 2022 – is looking sharp at Aston Villa.

John and Thady Gosden’s Melrose Stakes winner Middle Earth will be a supplementary entry for the final British Classic of the season, the Betfred St Leger at Doncaster.

The Qatar Racing-owned Roaring Lion colt took the staying handicap in impressive style at York on the final day of the Ebor meeting.

He was also a winner on his previous outing when taking a mile-and-a-half novice event at Newmarket and was second on his two prior runs over lesser trips.

Ahead of the York win he was not a part of the Leger entry list, but the Knavesmire performance has inspired connections to pay the £50,000 needed to secure him a place in the field for the world’s oldest Classic.

The Gosden yard could therefore be well-stocked for the Classic, with Juddmonte’s Arrest, Queen’s Vase winner Gregory and Lion’s Pride – who beat Middle Earth at Kempton – all holding entries at present.

Thady Gosden said of Middle Earth: “He’s progressed well throughout the year, he’s always looked like a nice staying colt in the making.

“Of course he won the Melrose, which is an impressive handicap, in good style.

“He’s got plenty of size and scope, he’s a horse that’s taken time to mature, as many three-year-olds do.

“It’s a fortunate position to be in, to have a few horse who could take up starting positions in the St Leger.”

Mortlake will look to take the next step forward when he makes a Group-race debut in the Virgin Bet Solario Stakes at Sandown on Saturday.

The Churchill colt broke the juvenile track record at Leicester on August 13, winning a seven-furlong novice by five lengths in an impressive run under Rossa Ryan.

The performance followed a very green debut at Salisbury in July, where the Ralph Beckett-trained bay was fourth behind Tom Dascombe’s Hot Fuss, who ran with some credit in the Acomb Stakes last week.

The Leicester effort was a big step forward and a more accurate representation of the ability he had shown at home – ability that will be tested further at Sandown this weekend.

Eamonn O’Connor, founder and managing director of owners Quantum Leap Racing, said: “They turn around so quickly and second runs can be so different, so we put a line through Salisbury – it didn’t worry us as we’d seen enough at home to suggest he might be a nice horse.

“What I liked is that he ran in a straight line, he was almost a bit babyish in the last half-furlong and he was looking around a bit so I’m hoping there’s a bit more to come.

“We’ll find out, we’ve got some fairly punchy entries for him at Group Two and Group One level and Saturday will tell us whether we’ve been realistic with those. It’s a good stepping stone for a horse of his profile, it’s the ideal race for him really.”

Beckett has been in flying form recently and is well stocked with smart horses, adding gravitas to a Group entrant who trains alongside some talented stablemates.

O’Connor said: “He’s not short of a smart horse or two, Ralph, he had a treble that day (Leicester) and is absolutely on fire, but then he has been for the last couple of months so there’s no surprise there.”

Mortlake is in the very early days of his career and will be handled with patience, as is the modus operandi of his owners, who have produced several horses to lucrative sales overseas with their approach.

“We’ve got a nice syndicate, we only buy five yearlings a year and punch way above our weight for that,” O’Connor explained.

“We started in 2017 and every single year we’ve had a decent horse, my definition of decent being 90-105 rated. Our model is very obvious, we move them off to Australia or foreign climes at the end of their three-year-old year, replenish the pot and go again.

“Jeremy Brummitt buys our horses and is our de facto racing manager and he does a very good job. We had two horses in our first year, five each year after, maybe six in one year, and to be able to produce a 100-rated horse every year is tremendous – hopefully we can continue it.

“We go through that cycle every year in the hope of unearthing a serious Group horse, in which case we’d be more inclined to keep them racing in the northern hemisphere.

“We do things the right way, we buy horses with clear staying pedigrees and we’re very patient with them. You read about syndicate members wanting a quick return and therefore buying precocious types – we’re the diametric opposite of that.

“We buy horses we know we need to be patient with, we don’t normally see our horses out before August or September so he’s almost precocious for us!”

Connections are excited to see what Vandeek can achieve next, as his rapid rise through the ranks is likely to see him line up in the Juddmonte Middle Park Stakes in September.

Trained by Simon and Ed Crisford, the son of Havana Grey only made his debut in late July, but since that successful bow at Nottingham, he has gone on to scoop the Richmond Stakes at Goodwood before providing his Gainsborough Thoroughbreds training operation a first Group One success when plundering the Prix Morny.

That top-level success in Deauville was also just the second Group One triumph for his Bahrain-based owners KHK Racing Ltd after Eldar Eldarov’s St Leger success last season.

Now their latest high-class performer is on course to try to add further riches to his glowing CV and is pencilled in to appear at Newmarket on September 30, where possible opponents could include Aidan O’Brien’s Prix Morny third River Tiber.

“The horse showed to everybody that he is very much on the upgrade. His rise has been pretty quick really and within the space of five or six weeks he has gone from winning a maiden at Nottingham to winning a Group One at Deauville,” said Chris Wall, racing manager for the owners.

“He’s improved and improved and improved with each run and he’s well entered up, but at the moment the plan is to go for the Middle Park.”

Vandeek also holds an entry in the Darley Dewhurst Stakes, again at Newmarket, on October 14 and the way the progressive colt saw out the six-furlong trip on both the Sussex Downs and Normandy coast would suggest seven furlongs would be well in reach.

Wall admits the timing of that typically red-hot event does bring the race into calculations, but for now the focus appears to be on having Vandeek in peak condition for another crack at six-furlong success in the Middle Park.

He added: “There’s two weeks between the two this year and he has shown he can take his races back-to-back fairly quickly. That is what he has done so far this summer and doesn’t hold any horrors for him.

“But we’ll go one race at a time and I would have thought the most likely spot is the Middle Park and then after that we’ll see what we want to do.”

KHK Racing also have Knight in training with the Crisfords and last year’s Horris Hill winner took a step in the right direction when second to Angel Bleu in the Group Two Celebration Mile.

It was Mehmas gelding’s best performance since his unbeaten two-year-old campaign and although future plans are still to be confirmed, a trip to ParisLongchamp on Arc weekend is one possible option.

Wall said: “He’s a horse who is getting back on track. Things hadn’t gone his way in the early part of the season and he was getting very upset and stressed about all sorts of things, so we had him gelded and that seems to have done the trick.

“His comeback run in the Thoroughbred Stakes was satisfactory, it was a solid enough run for a horse that hadn’t run much this year. But he took a big step forward and ran a much better race in the Celebration Mile and it is good to see him getting back to that.

“I think a bit of cut in the ground always helps him, his best form has come with that.

“I’m not sure what Simon and Ed have planned for him yet, but I would have thought something like the Prix Daniel Wildenstein over at the Arc meeting might be a suitable spot for him.

“He’s going to be kept in training as a fun horse to run in all of those sort of races and I think he will fit into that category nicely.”

Jack Davison has described She’s Quality as “probably the best horse I have trained” after the filly proved well named in shedding her maiden tag at Newbury.

The daughter of Acclamation bumped into next year’s 1000 Guineas favourite Ylang Ylang when third on debut before going on to finish a two-and-a-half-length fourth in the Group Three Anglesey Stakes on her second start.

She then further advertised her potential when splitting Michael O’Callaghan’s Navassa Island and Round Tower Stakes winner Letsbefrankaboutit in a Curragh maiden, before getting off the mark with a flourish in her raiding mission to Newbury, surging the best part of four lengths clear of the opposition in the hands of James Doyle.

Davison said: “She’s a lovely filly and very exciting and I would go as far to say she is probably the best horse I have trained. It’s super to have her and she should be a better three-year-old as well, so it’s great.

“I think Newbury was the first time she got nice conditions – good, quick ground and six furlongs. We were able to get a bit of cover and she was more professional. She’s very much on an upwards curve.”

She’s Quality provided her County Meath handler with just his second victory on UK soil and is now set to have her sights raised with both the valuable Goffs Million at the Curragh on September 23 or a shot at Group One glory in Newmarket’s Juddmonte Cheveley Park Stakes a week later being considered for her next outing.

“She’s a better filly on better ground, so it will be a toss up between the Goffs Million and the Cheveley Park,” added Davison.

“I will have to keep a close eye on what the ground is doing and if she is going to get a stiff seven at the Curragh, it will want to be nice ground. It’s 50-50 really.

“It would be quite exciting to have a good chance in the Goffs Million and we will look forward to plenty of black-type opportunities with her next year. But if the ground was to come up soft in Ireland and nice in England, I would have no problem redirecting her to the Cheveley Park, she’s of that calibre.”

It was Thunderbear who gave Davison with his first UK winner when striking at Nottingham earlier in the season and having gone on to ply his trade at Group level in his next three outings, he is poised to make his first start in France early next month.

Although running with credit in some top-quality events over six and seven furlongs, he will now drop back to the minimum distance for ParisLongchamp’s Prix du Petit Couvert on September 10, where his handler is predicting he will thrive.

“Thunderbear is very well and he’s entered in a Group Three at Longchamp,” continued Davison.

“I look forward to dropping him back to sprint distances on soft ground. I think that will really be his game and we haven’t seen the best of him yet. He has plenty of speed.”

Manchester City have reached a verbal agreement with Wolves on a fee for Portugal midfielder Matheus Nunes.

The PA news agency understands City have agreed to pay Wolves 55million euros (£47million) without add ons, but the deal has not yet been finalised.

In a separate deal, City’s 21-year-old midfielder Tommy Doyle will join Wolves on loan with a £5million option to buy, and City retaining a significant sell-on clause if the move becomes permanent.

City last week saw a bid for Nunes rejected, with the 25-year-old subsequently choosing not to train with Wolves in a bid to force through a move in the final days of the transfer window.

Speaking after Tuesday night’s 5-0 Carabao Cup win over Blackpool, Wolves boss Gary O’Neil said he was unaware of any improved bid from City and expected the player to remain at the club beyond Friday’s deadline, but that situation has quickly changed.

Nunes became Wolves’ record signing when he joined from Sporting Lisbon for an initial £38million last summer, signing a five-year contract with the option of a further 12 months.

He made 34 appearances last term, scoring one goal and proving one assist.

England under-21 international Doyle, grandson of Manchester City greats Mike Doyle and Glyn Pardoe, impressed on loan at Sheffield United last season, scoring four goals and seven assists in 38 appearances as he helped the Blades earn promotion to the Premier League.

Germany Derby hero Fantastic Moon will contest the Grosser Preis von Baden on Sunday – the race that paved the way to the Prix de l’Arc de Triomphe for Germany’s most recent success story.

The Sarah Steinberg-trained three-year-old has a true German pedigree as he is by Sea The Moon and out of a German-bred mare named Frangipani.

He won the Preis des Winterfavoriten, a Cologne Group Three, as a two-year-old and demonstrated he had trained on into his three-year-old season with a third-placed run in the Bavarian Classic in May.

From there he headed to Baden-Baden and won the Derby trial by a comfortable three lengths, a performance that led him to emulate his sire and land the German Derby itself with a two-and-a-quarter-length success in early July

High-profile international targets were then discussed and the Arc was mentioned at one stage, but Fantastic Moon will take up neither his entry in the Prix Niel or the Irish Champion Stakes and will instead stay closer to home this weekend – in a Group One that was previously won by subsequent Arc hero Torquator Tasso.

Lars-Wilhlem Baumgarten of owners Liberty Racing said: “He is very well, he worked well on Monday in the morning and he will run in the Grosser Preis von Baden on Sunday.

“We nominated him today for the race, we supplemented him.

“We decided against the Champion Stakes and against the Prix Niel and went for Baden-Baden.

“It is a German race, we know the horses, there is one French horse in the race and then we will see how good he is.”

The colt would need to be supplemented if he were to follow the path trodden by Torquator Tasso and connections will reconsider that idea after Sunday’s performance.

Baumgarten said: “We will talk about that after the race on Sunday.”

A tilt at Qipco British Champions Day could be on the cards for Mill Stream having continued his Deauville love affair in the Prix de Meautry.

Having won the Prix Moonlight Cloud over track and trip earlier this month, Jane Chapple-Hyam’s colt thrived on his quick return to the Normandy coast, continuing his rise up the sprinting ranks by delivering a decisive blow over Garrus in the hands of Marco Ghiani.

Charlie Hills’ runner was a length and three-quarters behind Mill Stream in second and Chapple-Hyam is delighted by how the son of Gleneagles, who showed plenty of ability as a juvenile, has progressed throughout his three-year-old campaign.

She said: “He was very good and very competitive and has come out of the race in great order.

“He’s got the hang of it now. It takes three-year-olds a bit of time to get the hang of it and the Listed race the first time in Deauville was three-year-olds only.

“On Sunday he stepped up and met the older boys, who are more conditioned and professional at sprinting and it just showed how quickly he learnt from the Listed race when being in with the older horses. You can only take positives from the race going forward.

“He’s lightly raced and we used the first one (this season) at Haydock where he was kicked off the park. But we needed that as he had been off a long time and he was heavy and stuffy, so we had to start somewhere.

“He’s easy to manage and he’s that type of sprinter, in the sense he doesn’t boil over or anything and is good to manage.”

Owned by leisure tycoon Peter Harris, Mill Stream holds an entry for the British Champions Sprint Stakes on October 21 and could now be handed the opportunity to test his talent at Group One level.

“We don’t really have a plan as such, he’s in the Ascot Sprint but I don’t really have a plan beyond that,” added Chapple-Hyam.

“It’s the last sprint Group One in Europe. He’s not in the Abbaye and that would probably be a bit speedy for him over five at this stage.

“Now he’s got the hang of it, you would look forward to seeing him run against the English older horses.

“Garrus is a good line and Batwan (third) did a lot of racing in Dubai and then back in France so he’s not a poor horse either, he’s well campaigned.”