The 21-year-old has established himself in the Lyon first team this season, prompting comparisons with Lionel Messi from the Ligue 1 outfit's president.
Arsenal have subsequently been linked with interest in Fekir, with the midfielder admitting he would welcome an offer, and his father says a move to the Emirates Stadium would be far more beneficial than City.
"Nabil would like to finish first or second and play Champions League football with Lyon," Mohamed Fekir told Le Parisien.
"If he leaves, it will be for Arsenal. It is the only club that can enable him to progress, with Arsène Wenger. He will not go to Manchester City to sit on the bench."
Fekir has scored six goals, and assisted a further three, in 14 Ligue 1 appearances this season.