The French champions table a £15m bid for the midfielder.
Paris Saint-Germain could be about to spoil Arsenal’s party as the Ligue 1 champions offer £15m to Newcastle United for Gunners target Yoann Cabaye, reports the Independent.
The north London club placed a £10m bid for the Frenchman on Monday, as manager Arsene Wenger becomes desperate for new talent due to an injury crisis at the Emirates Stadium.
The Magpies rejected this offer immediately as they seek closer to £20m, but PSG have met the club from the north-east of England half-way.
Cabaye has impressed during two years at St James’ Park after signing for the Toon for just £5m from Lille back in 2011.
The 27-year-old was instrumental in Newcastle achieving fifth place in the Premier League back in 2012, although the side didn’t enjoy such a good spell last term.
Wenger meanwhile is under significant pressure from fans at the Emirates due to the club’s lack of dealings in the transfer market, coupled with an opening day defeat at home to Aston Villa in the league.
To date France under-20 striker Yaya Sanogo is the only new acquisition for Arsenal and as yet none of the reported £70m budget has been spent.
With key players such as Mikel Arteta, Alex Oxlade-Chamberlain, Bacary Sagna, Thomas Vermaelen and Nacho Monreal all suffering with injuries currently, the manager desperately needs new first team squad members.
Yet after already missing out on Gonzalo Higuain, Bernard and Luiz Gustavo this summer, PSG could be about to make it four targets that bypass the English capital by snapping up Cabaye.