It is paramount that the Arsenal hierarchy pin the striker down to a new contract after his impressive performances in red.
Short cameos in the Europa League have proven that he already has the confidence and ability to play at the highest level.
Here are two reasons why the Gunners should give him that contract and promise him the game time he deserves.
Looking at statistics to prove an argument in football is frowned upon but in the instance of Balogun, his goal charts are impeccable.
These alone is a reason why Arsenal should fight to keep the teenager. His goal percentage at youth level has certainly caught the eye.
Starting with Arsenal Under-18s, the 19-year-old scored 38 goals and handed eight assists in 41 games. This equals at having a goal contribution in every game he played for the youth side.
A level up for the Under-23s, Balogun continued to score for fun. The United States born forward scored 17 times and assisted six times in 41 games. These statistics mean that Balogun had a 56 per cent chance of creating a goal scoring opportunity on the field.
The striker has only played five times for the first team, but he has still managed to get on the scoresheet.
The Hale End is peaking
Arsenal are currently enjoying a purple patch with the introduction of their Hale End graduates into the first team.
The first two on that list have been integrated into the side through previous managers but the rest are starting to really improve under Mikel Arteta.
Smith-Rowe and Saka are catching the headlines right now but the excitement of Balogun is creating a similar buzz.
There will be backlash if Balogun is to leave the club because the fear is experiencing a Serge Gnabry 2.0. The German winger left Arsenal at 21-years-old for £4.5million to join Werder Bremen.
Since then, he has joined Bayern Munich and established himself as one of the best wingers in the world. He recently won the UEFA Champions League last season, the height of European football.