Toulouse are keen to set up a partnership with Premier League champions Manchester City.
The French club see a deal with City Football Group as beneficial for the club's progression and could see players loaned between clubs.
"We are working on a capital increase plan to give more resources to the club," said TFC president Olivier Sadran.
"With an industrial partner that brings added value... through a partnership with a big European club.
"This partnership will allow us to have more skills, be more consistent, and be more efficient in the game."