Parlour wants the Gunners to sell Van Persie and use the cash to make a ‘key signing like Papiss Cisse’ from Newcastle.
“What Arsenal have got to do now is try and get the best bidder,” Parlour told talkSPORT.
“£25 million or £30m, get as much money as you can and then reinvest the money in the squad.
“The most important thing for Arsenal fans is to reinvest that money in the club. Not just put it in the bank like they did with Cesc Fabregas and Samir Nasri.
“Let’s go out and make a key signing like Papiss Cisse from Newcastle and suddenly people will forget about Robin van Persie.”