The Gunners were reportedly interested in signing the Turkish international and now Barcelona have asked them to the above mentioned transfer fee to sign the player, according to Spanish media outlet Sport.
Arda Turan, joined the Catalan giants last season from Atletico Madrid. Due to the club's transfer ban, Turan could start playing only after January 2016.
The Turkish star did not get much game time at the club due to the star studded midfield lineup of Barcelona.
With the likes of Ivan Rakitic, Andres Iniesta and Sergio Busquets in the squad it was always going to be difficult for him to break into the starting XI.
Arsenal have already signed Swiss midfielder Granit Xhaka this season but are yet to make any other big signing so far.
The North London giants are in need of a quality striker to bolster the squad. They have an array of quality attacking midfielders in their squad and it is not advisable to Arsene Wenger to go for yet another midfielder.
Last week, it was reported that Arsenal are strongly linked with Riyad Mahrez which was later denied by both Claudio Ranieri and the player's agent.
Considering Turan's age and performance graph in the last 1 year, FC Barcelona will be lucky enough to get €30 million for the Turkish midfielder.