And although Wenger is stunned by the fee, he believes United can justify the move as they can afford to spend that much.
"The Pogba transfer fee? It is completely crazy if you cannot afford to pay it," Wenger told the Daily Mail.
"If you can afford to pay it you can justify it. But it is completely crazy if you compare it to normal life. That is for sure.
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Paul Pogba is closing in on a return to Man United
"But we live in a world where every activity that is worldwide makes a lot of money. Football has become a worldwide competition and that is why clubs can afford to do it.
"Does it make sense in the way the player can give you that investment back? Nobody ever could calculate.
"Since I am in this sport I always thought the record cannot go higher and I was always wrong. Maybe in a few years it will be 200, 300, who knows..."
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