In addition, the amount includes prepayments for unsold game inventory and deposits for a number of underdeveloped titles.
NetEase and Blizzard had licensing agreements that allowed gamers in China access to Blizzard games.
The titles have since gone offline in China, and gamers cannot access them locally.
According to the report, Netease has reportedly not filed the suit yet.
This leaves the possibility of a settlement between the two sides open.
The two companies could still reach an agreement that will allow Blizzard to operate and provide services in China.
The contentious disagreement led to Netease tearing down a statue of World of Warcraft outside its headquarters.
NetEase streamed the demolition live on one of its official game channels.
Both NetEase and Blizzard have yet to comment on the issue.
Evans I. Karanja is a freelance writer who loves to write about anything technology.
When not writing, he can be found playing video games or watching F1.