The legendary American singer has been charged with inciting hatred by Paris prosecutors after comments made to Rolling Stone magazine last year sparked a complaint from the Council of Croats in France (CRICCF).
"If you got a slave master or Klan in your blood, blacks can sense that. That stuff lingers to this day. Just like Jews can sense Nazi blood and the Serbs can sense Croatian blood," Dylan was quoted as saying in the context of an answer about race relations in the United States.
Dylan, 72, was informed of the charges against him last month, while he was in Paris for three concerts - a visit during which the French government also awarded him its prestigious Legion d'Honneur decoration.
Although the CRICCF's formal complaint triggered automatic charges under French law, the 'mise en examen' or judicial probe, does not necessarily mean the matter will end up in court.
It establishes a prima facie case that an investigating magistrate is required to look into, and the charges can either be pursued or dismissed.
The CRICCF said Tuesday said it was not looking for a conviction of the high-profile singer, and would regard a public apology as more valuable.
"We hope he will apologise and we are ready to accept an apology," Ivan Jurasinovic, the CRICCF's lawyer, said. "A conviction will not repair the damage as much as an apology will."
Dylan has not commented on the charges and a representative of his label claimed to be unaware of the proceedings against the star.
Photos: Raveena Tandon, Sohail Khan at Marathi film 'Bhay' music launch
SRK-Gauri anniversary: B-Town stars and their non-filmi better halves
Birthday special: Popular mothers and daughters in Bollywood
Spotted: 'Kaabil' star Hrithik Roshan with dad Rakesh Roshan
'Rock On 2' trailer launch: Farhan, Shraddha enthrall audience with live gig