Arsenal boss Wenger met with PSG reps last week
Le Parisien says a meeting took place at the Hotel Monceau late last week between representatives of PSG owner Sheik Hamad-Al-Thani and Wenger.
They say Wenger has long standing links with the Sheikh and also acts as an adviser to the Al Jazeera television channel.
Real Madrid coach Jose Mourinho remains PSG's No 1 target, but Arsenal have slipped to tenth in the Barclays Premier League and potential suitors may be tempted to try and lure Wenger away. He has previously turned down many jobs, including Real Madrid to stay loyal to Arsenal.