Inter continue to be in search of a striker now. They aren't going for Lukaku anymore as you know. I have read that they are after Morata or Balogun signings. Morata is already willing to leave Atletico Madrid and join an Italian team again. He is 30 years old with way bigger experience than Balogun technically. But when it comes to scoring skills I don't side with Morata too much. Because he isn't the kind of a striker that scores so many goals in a season. He is doing better with a striker beside him as well.
In terms of this situation he can fit Inter's formation nicely. But Balogun has a really bright future on one hand. He was impressive in the Ligue 1 last season with 21 goals. I guess Arsenal would only loan him to them rather than a permanent deal for now. I wonder which side Inter will choose.
I don't know why Inter Milan prefer to choose Morata or Balogun. In my opinion, Lukaku is much better and more productive than Morata or Balogun. Lukaku already played in Inter Milan for a few years, he doesn't need to adapt with Inter squad anymore. Lukaku also proved that he is a good striker and can be a machine goal for Inter Milan, he already scored some goals since he played in Inter Milan. Actually, it is a bit confusing why Inter Milan doesn't want to sign Lukaku.
Anyway, I am not familiar with Balogun. Although he can score 21 goals in Ligue 1, I am not sure he will easily score many goals in Serie A. The level of Ligue 1 and Serie A is different, he also needs to adapt with Inter play of style.
Inter don't prefer Lukaku anymore because they are out of the talks after hearing about Juventus' negotiating for Lukaku as well. Inter are really frustrated about this situation as they believe Lukaku betrayed them by being in talks with Juventus on one hand. I can't say that they aren't right about that either. Because we have seen the news so many times that Lukaku's first option was Inter no matter what. He even rejected big offers from Saudi teams. It is disappointing as a result.
Balogun is very young and not known as much as Morata indeed. I don't know, if they are in search of an experienced striker then they should go with Morata instead.