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It is expected that Everton will return with a better bid.
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Arsenal have turned down a £30M bid from Everton for Super Eagles star Alex Iwobi.
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Everton have been in search of a midfielder/winger with several unsuccessful bids for Crystal Palace star Wilfried Zaha.
According to Sky Sports, the Premier League side have turned their focus on Iwobi although their £30m bid is way below Arsenal's valuation of the player.
According to the reports, Everton are expected to return with a better offer and it is believed that any sum above £40m will convince Arsenal to let go of the 23-year-old player.
Pulse Sports have been told by sources close to Iwobi that he would love to leave Arsenal where he has felt under appreciated.
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Wolves were also said to be interested although they have not placed any bid for the player.
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