The Uruguayan striker only joined the Ligue 1 champions least year, but his debut season at the Parc des Princes was a difficult one.
Although a central player by trade, Cavani was often played on the wing to accommodate Zlatan Ibrahimovic in his proffered position.
This left the South American frustrated, leading to speculation of a switch away from Paris.
Manchester United have been strongly linked with the 27-year-old in recent times, while Chelsea are thought to be long-term admirers.
Liverpool are outsiders following the exit of Luis Suarez and Manchester City are a club to have been thrown into the mix by various reports.
Cavani is understood to be ready to consider offers, but PSG may be reluctant to take a hit on the £55m they paid Napoli for his services.
The prolific forward started his career with Danubio in his homeland before joining Palermo in 2007.
His performances earned him a switch to Napoli, where he emerged as one of the world’s top goal-getters before joining PSG in 2013.