The Montenegro international forward admitted he was flattered to be linked with a switch to the north London club on Tuesday but Toni believes Arsene Wenger's side would not be a step up.
Instead, he has claimed the likes of Chelsea, Manchester City or Manchester United would represent a better career move for the 23-year-old.
|11/1||Fiorentina are 11/1 to beat Cagliari 2-0 with Coral|
"If he has to leave, then make it for a real top club. Chelsea, Manchester City and Manchester United fit that bill, but Arsenal are not better than Fiorentina."
Jovetic has been in superb form for Fiorentina this season, netting 12 goals in 24 Serie A appearances to fire the Viola into contention for Champions League qualification.