According to reports from Mundo Deportivo in Spain, the Ivory Coast midfielder looks set to seal a move to Barcelona next week for a fee of €40million.
While the newspaper suggests that Arsene Wenger has lost out on the 26-year-old, Nice manager Lucien Favre has quashed talk of his star player leaving for the Spanish giants.
Arsenal, who held informal talks with the French club over the summer, have now been given hope that they could beat Barca to the player’s signature following Favre’s comments.
The Swiss coach, speaking after his side’s 2-0 win over Guingamp, said: “An imminent agreement for the transfer of Jean-Michaël Seri to the Barça? Are you serious? I cannot imagine life without Seri.
“But as long as the market is not finished, like many other clubs, everything is a mystery. He has played all his games professionally.
“I cannot tell you anything else, I know nothing at all.”