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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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.