As it stands, that doesn't look like it will be enough to convince Galatasaray to sell, with the Super Lig club hoping for a fee closer to EUR25m.
Boey still has a couple of years left on his deal, and though he's clearly open to a summer move, Galatasaray want a little more money to sanction it.
Former Gunner Hector Bellerin has been linked with a move to Galatasaray to replace the French u20 international, should Arsenal eventually reach an agreement to sign him.
Arsenal deals summer 2023 - Latest Arsenal injury updates and news
We know Arsenal are looking to strengthen on the right-hand side of defence, with Takehiro Tomiyasu and William Saliba's injuries exposing how short the squad is on that side.
But given Ben White and Tomiyasu are both capable of playing at centre-back or at right-back, Arsenal have some flexibility in the market.
Whether they sign a central defender or a right-back, the other position can be covered by moving the existing players around.
The Gunners are taking time to consider their options, and it remains to be seen whether they'll make another bid closer to the EUR25m Galatasaray reportedly want.
Arsenal deals summer 2023 - Latest Arsenal injury updates and news