The Nice forward has emerged as the latest name on the club's shortlist, which already includes Lassine Sinayoko and Matthis Abline.
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According to L’Equipe, Monaco are preparing for significant changes in attack, with Maghnes Akliouche expected to depart after attracting strong interest from Paris Saint-Germain, while Folarin Balogun is also being linked with a move away following his impressive performances for the United States at the FIFA World Cup.
The Ligue 1 team has already failed with two bids for Abline, the latest worth €17m plus bonuses. Cho, under contract at Nice until 2028, could now become a priority target if talks progress.