According to new reports, AS Monaco and Everton worked through their differences and are exchanging documents to complete Folarin Balogun's transfer before the transfer market closes. ^[1] Erik Lira, a midfielder for Cruz Azul, will not join AS Monaco after his transfer deal collapsed in the final hours of the French transfer market. ^[2] Erik Lira's transfer to AS Monaco failed because Folarin Balogun did not pass medical examinations at Everton. ^[3] Erik Lira has officially joined AS Monaco as a new player. ^[4] AS Monaco failed to sign Mexican midfielder Erik Lira from Cruz Azul before the European transfer market closed due to an inability to secure a foreign player quota. ^[5] Mexican footballer Erik Lira was set to join AS Monaco after weeks of speculation and negotiations. ^[6] Erik Lira's transfer from Liga MX club Cruz Azul to French club AS Monaco collapsed because Monaco needed a foreign player slot that would only be freed if Folarin Balogun signed with English club Everton, according to the article. ^[7] Transfer reporter Fabrizio Romano said the two clubs agreed on a transfer fee of 45 million euros plus 5 million in add-ons and a future sale clause for Folarin Balogun. ^[8] AS Monaco required the release of a non-EU player quota to register Erik Lira, which necessitated the sale of forward Folarin Balogun. ^[9] The deal for Folarin Balogun ultimately failed to materialize in time, preventing Monaco from freeing the necessary quota for Erik Lira. ^[10] The proposed transfer agreement between Cruz Azul and AS Monaco included 8 million euros in fixed fees plus variable components, potentially reaching 10 million euros. ^[11] AS Monaco needed to move Folarin Balogun to create the necessary administrative space for Lira's registration. ^[12]