Marca says a transfer scramble has been sparked for the big Argentine, who is weighing up his options this summer.
PSG sports chief Antero Henrique has made contact with City about a price for Otamendi in recent days.
For their part, City are reluctant to sell after losing Vincent Kompany to retirement last month.
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!