The 26-year-old has been in scintillating form since arriving in France back in January, and has scored 23 goals in 28 appearances for the Ligue 2 outfit.
Now, the Senegalese international has set his sights on a move to the Premier League, as he looks to continue working his way up the European football ladder.
"Playing in the Premier League is my dream. That is my wish," Toure told L'Equipe. "Would I stay if I have offers from England next summer? It will depend on what the club officials decide. We will see.
"Monaco are a big club but my long-term wish is to play in England, for example at Arsenal."
It's not yet clear whether Gunners boss Arsene Wenger would be interested in bringing Toure to the Emirates Stadium in the forthcoming January transfer window, particularly after strengthening his forward department with the signing of Lukas Podolski and Olivier Giroud during the summer.
However, Arsenal are still struggling to fill the void left by former captain Robin van Persie, and may look to add another striker to their ranks in north London in the New Year.