French European Affairs Minister Clement Beaune said he would raise the trade pact and the security implications of the deal, known as AUKUS, at a meeting with his counterparts in Brussels.
President Joe Biden announced last week a new alliance including Australia and Britain that would deliver an Australian fleet of at least eight nuclear-powered submarines.
Bertrand Badie, an international relations professor at the Sciences Po institute in Paris, said France had put itself in a position where it can only appear to be backing down.
"I don't regret putting Australia's national interest first, never will": Australian PM on breaking French deal
Australian Prime Minister Scott Morrison said they had "deep and grave concerns" that the capability being delivered by the Attack Class submarine would not meet their strategic interests.
Allies "don't treat each other with such brutality, such unpredictability, a major partner like France ... So there really is a crisis," French Foreign Minister Jean-Yves Le Drian said.
French envoy Jean-Pierre Thebault made the comments leaving his residence in Canberra after being recalled by the French government in protest to the US, UK and Australia nuclear submarine deal.
French Ambassador to Australia Jean-Pierre Thebault said Australia never mentioned that the project could be scrapped.
The relationship conceived in 18th century revolutions appeared at a tipping point after the US, Australia and Britain shunned France in creating a new Indo-Pacific security arrangement.
The submarine remained submerged, but the Japanese defence ministry said that it believes the submarine is Chinese because a Chinese Luyang III-class guided-missile destroyer is near the submarine.
The Thresher was the first of a new class of attack submarines that could travel farther and dive deeper than any previous sub.
This would provide a major boost to the indigenous design and construction capability of submarines in India, in addition to bringing in the latest submarine design and technologies as part of the pro
The project, which cost around Rs 43,000 crore, was cleared by the Defence Acquisition Council chaired by Defence Minister Rajnath Singh.
Sources confirmed that the Request for Proposal (RFP), to be issued to the Indian companies identified as Strategic Partners, will be discussed in a high level meeting slated for Friday.
The wreckage is located 1,500 meters (yards) to the south of the site where the submarine last dove Wednesday, off Bali's northern coast.
The navy had previously said an electrical failure could have left the submarine unable to execute emergency procedures to resurface.