The Magpies are said to be facing a real fight to keep hold of the midfielder, who is considering his options after a disastrous 2012/13 at St James’ Park.
A return to his homeland is thought to be attractive to the 27-year-old, with the 2014 World Cup just around the corner.
New PSG coach Laurent Blanc is said to be a huge fan of Cabaye, and is keen to make him one of his first summer signings.
The player himself also has a strong relationship with the former France boss, who handed him a key role in the national team during his time at Lille.
The Parisians have the financial clout to make Newcastle a tempting offer, and are said to be willing to spend in the region of £20m to lure Cabaye away.
Although he is valued highly on Tyneside, the funds raised by his sale could help Alan Pardew put together his own transfer plans in the coming months.
The ex-Southampton manager is thought to be monitoring Gabon hot-shot Pierre-Emerick Aubameyang, who has been described as Africa’s answer to Neymar.
The Saint Etienne star is thought to be available, but it’s likely that he will command a figure in the region of £10m-£15m after a fine season in Ligue 1.
Should Newcastle cash in on Yohan Cabaye? Or is he simply too important to sell?
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