Defender now wants to remain at the Emirates Stadium.
Bacary Sagna is ready to perform a dramatic u-turn and reject PSG to remain at Arsenal, according to the Daily Mirror.
The French defender, 30, was widely expected to leave the Emirates Stadium this summer after hitting stalemate on contract negotiations, with the mega-rich Ligue 1 outfit leading the chase for his signature.
Sagna’s current deal expires in summer 2014 and, despite a patchy season, Gunners boss Arsene Wenger has maintained he is keen to keep hold of the Les Bleus international.
Sagna’s u-turn will therefore please the tactician and comes after PSG failed to come up with a package to tempt the former Auxerre star. Tax laws in France mean even the Parisiens cannot offer Sagna a sufficient wage packet.
However, there are still some details to iron out with Sagna keen on a two-year extension but Arsenal hoping he will commit to an additional one year.
Sagna, who joined Arsenal in 2007, has made 25 appearances for the Gunners so far this season.