The 24-year-old midfielder has been making waves in Ligue 1 this season and has piqued the interest of several clubs across Europe.
A move to the Premier League has been mooted with Liverpool believed to be interested in the Frenchman ahead of the next transfer window.
There is an agreement between the player and Monaco over what could happen this summer.
According to French sports daily L’Equipe, Monaco are ready to move him on in the summer if the right club come up with the right offer.
He will be entering the final year of his contract at Monaco and the club feel there is no point in holding on to him if they are offered good money.
They are yet to receive any concrete offers for him but clubs in the Premier League have their eyes on Fofana.
The midfielder also wants to play for a club that regularly feature in the Champions League going forward.
