Lille president Michel Seydoux has confirmed Gervinho is eager to join Arsenal but says the Gunners have yet to make a formal bid.
Gervinho, 24, has long been linked with a move to Emirates Stadium, and there had been reports earlier this month that the deal was on the verge of completion.
However, while Ligue 1 champions Lille appear resigned to losing the Ivory Coast forward, Arsenal have yet to make an official offer.
Seydoux told RMC: "I have spoken with Gervinho and he wants to play for Arsenal next season. This is clear but now we must get an agreement between the two clubs.
"We have maintained contact but still the Londoners have not presented us with a formal offer. Negotiations are ongoing but Gervinho has demanded a solution to the situation soon."
The Sun claims Arsenal want to pay £10.5 million for Gervinho but Lille want £12 million.