The 27-year old is keen on a Premier League move but St Etienne are holding out for a higher fee.
The South Coast club have reportedly made a move with an intial offer worth around £3.5 million. St Etienne are believed to want double that before agreeing to the sale, yet Bournemouth remain hopeful that pressure from the player can push the deal through.
St Etienne manager Christophe Galtier was in defiant mood on Tuesday however, stating:
“We will not sell off our top scorer if he cannot find a club able to put on the table what we demand.”
“If this doesn’t happen, our top scorer will remain at the club and I'm very happy," he is quoted as saying by Le10 Sport.
Russian clubs Lokomotiv Moscow, Dynamo Moscow and Qatari outfit EL Jaish have expressed interest in the former Leeds man but he is believed to prefer a Premier League move.
Gradel bagged 17 goals last season in his most productive year in France and his long awaited return to England looks closer than ever.
He spent a season on loan at Bournemouth in 2007, scoring nine times in his 34 appearances, and a return to Dean Court, with its new Premier League status, is an attractive proposition for the Ivorian.
Bournemouth have been astute in their signings so far this summer and even at the £7 million demanded, Gradel would represent another clever acquisition.
His pace would add to that of Joshua King, Christian Atsu and Callum Wilson and form the basis of a dangerous-looking attack, sure to give Bournemouth a fighting chance of Premier League survival.