Alfredo Guerisoli told Canal Sur Radio that the Qatari owners of the Spanish side are in discussions with their relatives who own PSG.
Malaga have been banned from Europe by UEFA for financial irregularities, and must ensure that they meet their current debt obligations by the end of this month to avoid being suspended for a second season.
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.