Barcola saw his role for the French giants reduced last season as Luis Enrique powered on to retain his Ligue 1 and UEFA Champions League crowns at the end of 2025/26.
Desire Doue and Khvicha Kvaratskhelia both started the UCL final win over Arsenal in May and the Parisians are also rumoured to be leading Liverpool in the race for RB Leipzig winger Yan Diomande.
That further impacts Barcola's status in Paris after three impressive seasons at the Parc des Princes, but PSG will not sanction a cut-price sale in order to speed up a possible exit.
Barcola is under contract in Paris until 2028, so there is no immediate pressure to sell, and reports from The Athletic claim PSG are ready to start considering offers from £116M if Liverpool and Arsenal want to formalise their interest.
Both clubs are looking for a new option on the left side of their attacks, as Liverpool chase Diomande, and Mikel Arteta looks to future-proof the Gunners over possible departures of Leandro Trossard and Gabriel Martinelli.
21 goals in all competitions in 2024/25 underlines Barcola's level, but a bidding war could drive his price past the Premier League transfer record set by Alexander Isak last summer, after Liverpool paid £125M to bring him to Anfield