Hello, thank you for reaching out to Microsoft Q&A.
You can download the Windows 11 ARM ISO file from the Official Microsoft website here-
https://www.microsoft.com/en-us/software-download/windows11arm64
Select Windows 11 (Multi-edition ISO for ARM64)
Then, select your language
and click Download now.
You can use this ISO file on your Parallels to install Windows 11.
--*
To uninstall the previous version of Windows 11, go to Parallels > Select Windows > Control Center > Right-click the Windows 11 operating system and select 'Remove Windows 11'.
Move the operating system to the trash.
--*
To install the ISO File,
Open Parallels Control Center and click the 'Add +' icon
You will be provided options with -
- Get Windows 11 from Microsoft.
- Install Windows or another OS from an ISO Image file.
Clicking option 1 will automatically download and install the Windows 11 Operating system for you.
If you have an ISO file, you can select the second option and proceed with the installation.
Let me know if you still need more help.