The 1992–93 tour featured Downes, Howe, Payne, guitarist Vinny Burns and drummer Trevor Thornton. Before a European festival tour in late 1993, Howe and Burns left and were replaced by guitarist Keith More.
The group released Aria in May 1994, which featured lead guitarist Al Pitrelli once again, who would leave Asia during the short Aria tour. The Aria album did not fare well commercially and the ensuing tour was limited to four concerts. Ex-Simply Red guitarist Aziz Ibrahim took over during the tour. Aria also introduced new drummer Michael Sturgis, who had been involved during the band's aborted 1987 reunion and had appeared on some of the sessions for Aqua. Aria was not released in the United States until May 1995.
Over New Year's Eve 1995/1996, a broken pipe inundated the control room in Downes' and Payne's recording studio, Electric Palace, in London. Amid the lost equipment, a vault containing unreleased material was found intact. The band decided to release the material in two discs, Archiva 1 and Archiva 2. The Archiva sets were collections of unreleased tracks recorded during the first three Downes/Payne albums.
Next, Arena, released in February 1996, featured Downes, Payne, Sturgis, Ibrahim and guest guitarist Elliott Randall (ex-Steely Dan, and Randy Crawford). The album was released on Resurgence Records but there was no tour because of lack of interest. The group's lone promotional performance in conjunction with the album occurred on 19 April 1996, when Downes and Payne appeared with guitarist Elliott Randall on the Virgin FM radio programme Alive in London to play the song "Never".
An all acoustic album, Live Acoustic, was recorded by the group at Stadthalle, Bruchsal, Germany on 21 September 1997 (and released in December 1999) that featured a lineup of Downes, Payne, Ibrahim, and drummer Bob Richards.
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