Real Madrid striker Jese is set to join PSG.
L'Equipe says Real Madrid and PSG reached an agreement on Tuesday which will see the forward either loaned or directly transferred.
The Parisiens will pay Madrid a fee of around 25 million euros for what would be a direct transfer, but both clubs are still hammering out the terms and conditions of the operation.
Madrid would prefer a loan while PSG want a straight transfer.
PSG are insisting in a direct purchase - a four-year contract with the option of a fifth.