Etienne Capoue
Capoue will be allowed to leave Toulouse this summer. (Reuters)

Reported Tottenham Hotspur & Arsenal target Etienne Capoue will be allowed to leave Toulouse this summer, but only if his suitors are prepared to pay the right price.

The 24-year-old recently outlined his desire to leave the Ligue 1 club where he has spent his entire career, as interest from both the Premier League and Serie A has grown throughout the season.

The midfielder nearly followed compatriot Loic Remy to Queens Park Rangers during the January transfer window, a move that was blocked by club president Olivier Sadran who did not want the player to leave before the end of the season.

But after Toulouse finished comfortably in mid table last season, the club now appear prepared to let Caboue move on.

"We didn't let Capoue leave this winter for £10m because we felt that we still needed him, Sandran said, ESPN report. "This time, he will leave if a club makes us a good offer, but there has not been one for the moment."

Capoue, who is currently away with the France national squad, has made over 150 appearances for Toulouse since making his debut in 2007, and given reported interest from Spurs, Arsenal and AC Milan, feels it may be time for him to move on.

"If he (Toulouse head coach Alain Casanova) wants to keep me, that is good," the midfielder told L'Equipe. "That says that he counts on me, that he is happy with me.

"But it is football. I feel it is the moment to leave, to play in big competitions."

The 24-year-old is expected to resolve his future when he returns from international duty following France's remaining international friendly against Brazil this Sunday.

Capoue was subject to a deadline day bid from Harry Redknapp last January, but Toulouse refused to let their key midfielder leave during the mid-season. The French club's firm stance may have also denied Arsenal's hopes of securing his signature.

Although Arsene Wenger did not divulge a name, he did concede that the club failed to add to their squad six months ago due to the resistance of the other club in question, something reiterated by Capoue's agent Mino Raiola.

"Arsenal, Tottenham and PSG were interested in Capoue," Raiola said, speaking in February. "Maybe it is one for the summer. The Toulouse president didn't need to sell during this window. The asking price was a barrier every time."