Manchester City are ready to sell Riyad Mahrez this summer.
The Algeria international has a deal to 2023 and he's attracting interest from across Europe.
Sportmediaset says intermediaries have been alerted that City are prepared to sell for €40m.
For his part, Mahrez's agents are touting him to interested clubs for personal terms worth €6m-a-year.
PSG see the attacker as a potential replacement for departing veteran Angel di Maria.