Montpellier owner Mohed Altrad has held talks with Gloucester with a view to investing in the Premiership club.
Syria-born French billionaire Altrad is reportedly hoping to become a majority shareholder at Kingsholm and Gloucester on Wednesday confirmed dialogue has taken place.
The club said in a statement: "Gloucester Rugby can confirm that there have been discussions with Mohed Altrad with regards to a potential shareholder interest in the club.
"Any agreement would need to have the consent of the relevant regulatory bodies and currently there is no agreement entered into or guarantee of an investment.
"In the event of any investment, both Gloucester Rugby and Montpellier will remain separate entities, independent and autonomous from each other. Both clubs would be extremely keen on maintaining their own identity, culture and governance.
"Any potential investment in Gloucester Rugby would be seen as an important opportunity to develop the club, the players and make an important contribution to the community, priorities the Board has always evoked."