The Blues winger was in fine form this season and helped the West London club to beat PSG in the Champions League quarter final.
PSG have been hit with a huge fine and a limit on their Champions League squad for next season after breaching UEFA’s financial rules – basically spending far more than they are bringing in.
Blanc has admitted that UEFA will be watching their transfer activity intensely this summer but a move for Hazard cannot be ruled out.
“Hazard is the kind of player who can be decisive,” Blanc said in Le Parisien.
“You can talk about all kinds of things; tactics, strength of the team, individual class, but a player who is capable of beating three or four players is something else. You never know what to expect from him.
“Unfortunately for us, next year we’ll be watched by Uefa. We will not be able to do what we want, but I think we will be able to improve the team anyway. We’ll be working within UEFA’s new constraints and want between two and four recruits.
“We already have a very good team in my opinion, so it does not take a lot of players. I think we’ll get to do what we want to improve the team.”