According to RMC Sport, the teenager’s contract with the French champions is set to expire in the coming weeks but uncertainty over his future has opened the door for interested clubs.
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Strasbourg appear to be leading the race, having already submitted two offers for the forward, while the Magpies recent interest could complicate negotiations.
A decision on Mounguengue’s future is expected in the coming days as the player weighs up his options.
The Evry-Courcouronnes native enjoyed an outstanding campaign with PSG’s Under-19 side, scoring 21 goals and providing 12 assists in 35 appearances across all competitions.
He also achieved a major milestone in May when he made his professional debut under head coach Luis Enrique.