The 27-year-old joined PSG from Eintracht Frankfurt for a reported €75 million with €15 million in add-ons but has failed to justify the fee.
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Kolo Muani has been shipped out on loan twice, first to Juventus for the second half of 2024-25 and then to Tottenham last season.
According to Tuttosport, Tottenham are keen on bringing him back to North London despite a poor loan, although Juventus remain favourites to sign him.
The striker scored just five goals and providing four assists in his 41 games for Tottenham as they finished 17th in the Premier League for a second successive season.