Metro reports that PSG are ready to make a £17million bid for the 27-year-old midfielder.
Arsenal boss Arsene Wenger had an opening bid of £10million rejected by the Magpies last week.
Wenger is preparing another bid for Cabaye, but now face stern competition from PSG in the race to sign the midfielder.
What is your opinion? Feel free to discuss the article under. You have to comment by using your Facebook profile. Be fair and have respect for other people and opinions!
Being an amiable guy is good for you and Jurgen Klopp is living proof.
Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.