Zouma was expected to join Chelsea this month, but the move is reportedly in the balance due to St Etienne’s valuation.
St Etienne are looking for more than £18million to part with the 19-year-old, who has also been linked with Manchester United.
St Etienne co-president Roland Romeyer said: “Some clubs have launched a bid for the player, but we will not change our strategy.
“There have been discussions for Zouma with English, Italian and French clubs, but he will not be leaving this month unless we find an agreement with some of the potential buyers.
“If not, he will have to wait until the summer. We are under no obligation to sell.”
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?