Magpies preparing for bid from free-spending French side.
Newcastle United are bracing themselves for a bid from Ligue 1 champions PSG according to The Times.
The French club are currently in the market for a midfielder following the retirement of England legend David Beckham at the end of last season.
Money will be no object for the wealthy French side as they are currently owned by Qatari billionaire Nasser Al-Khelaifi, who is intent on establishing the club as one of the dominant forces in European football.
It is thought that PSG are willing to pay up to £15.5 million for Cabaye, which would represent a significant profit on the £4.3 million they paid for him just two years ago.
Cabaye is one of the better players in the Newcastle squad though and Magpies boss Alan Pardew may well be reluctant to part with the midfielder.
Newcastle are looking to drastically improve on their disappointing showing last season and will not be keen on losing one of their star players just as the season is about to begin.
Cabaye is likely to be highly tempted by the offer as it would offer him the chance to play Champions League football.
The midfielder is thought to be keen to play at the highest level possible in order to book his place in next summer’s World Cup finals squad with France.