Wenger, one of Europe's highest-paid football club managers, is likely to be offered a a three year contract, although PSG also has Real Madrid manager Jose Mourinho in its radar, reports The Mirror.
However, Wenger has vowed to complete his Arsenal contract that runs to 2014.
PSG tried to hire Wenger before appointing Carlo Ancelotti in 2011.
Current PSG manager Ancelotti is interested in returning to England. (ANI )