Laurens told the radio station that although Wenger is a big fan of the defensive midfielder, a deal is unlikely given AS Monaco will demand a lot more than the €20million they paid for him two years ago.
"He is a player that Wenger has liked for a long, long time now. He was looking at him when he was at Lens," said Laurens.
"He is the type of player Wenger likes. He is young, powerful, with a defensive mindset. I think he could be a good signing for Arsenal.
"The thing is, Monaco bought him €20 million, which is a lot of money, and will want far more money than that now, and I’m not sure Arsene Wenger will pay the money Monaco want.
"There is also a question mark over how consistent he could be at the top level.
"I'm not sure I can see that deal happening."
Monaco signed Kondogbia from La Liga side Sevilla in 2013 on a five-year contract. In his first season back in France, the 22-year-old helped his secure Champions League qualification for the first time in a decade.
Shortly before returning to France at club level, Kondogbia was awarded his debut for the international first team, playing 63 minutes in a 0-0 friendly draw versus Belgium.
In the Champions League this season, Monaco knocked Arsenal out at the last 16 stage. Kondogbia scored the opener in the first leg, which the Ligue 1 side eventually won 3-1.
It's not fair to draw comparisons but Kondogbia is a similar type midfielder to Paul Pogba, albeit a 'lite' version. He covers a lot a ground although is probably stronger in the tackle. Whether his next move is Arsenal or not, he is a player that would strengthen the Premier League.