Arsenal have turned down a huge bargain, according to reports.
The transfer window shuts in 24 hours and the Toffees are seemingly keen on signing the Nigeria international.
Iwobi is a good player, but he is one who has frustrated Arsenal fans for years.
And the fact that the North Londoners have turned down a bid of that magnitude it truly quite puzzling.
The 23-year-old is still relatively young, but he's been on the scene at Arsenal for years now and the truth is that he isn't getting much better.
There's that, but then there's the fact that Iwobi probably isn't going to be a first-team player this season after their club-record capture of Nicolas Pepe.
When you put it all together, Arsenal, who don't have a big transfer budget, have refused £30 million for someone who's effectively a squad player, one who wasn't a first-team regular under Unai Emery last term.
The good news for them is that Everton are reportedly going to make another bid and this one has to be accepted. They'll never get more for him.
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