Alexis Sanchez is yet to sign new deal with Arsenal as both parties continue to negotiate over his wage demands.
The Chilean is attracting interest from Chelsea and Manchester City, while PSG are also determined to make a big money-move for him this summer.
And while Arsene Wenger wants the 28-year-old to sign a new deal, he fears he has already made his mind up to leave north London.
Alexis Sanchez is attracting interest from Chelsea, Manchester City and PSG Alexis Sanchez delights Arsenal fans after final whistle Mon, April 17, 2017
Click to reveal the best snaps of Alexis Sanchez's gesture after the final whistle against Middlesbrough
Play slideshow Twitter – @Arsenal 1 of 7
Click for the best snaps of Alexis Sanchez after the final whistle
The Sun claim Wenger doesn’t want to let Sanchez join Premier League rivals Chelsea or Manchester City and will now push for a £50m switch to the French capital.
The Frenchman is close friends with PSG president Nasser Al- Khelaifi and suspects he has already made an approach for Sanchez.
With the attacker set to enter the final year of his contract, Chelsea and Manchester City are set to make a move for him at the end of the season.
Antonio Conte is a big fan of Sanchez, while Pep Guardiola's Manchester City are thought to be leading the race to sign him.
Arsene Wenger doesn't want to let Alexis Sanchez join their Premier League rivals
The report suggests City would be able to match any offer Chelsea make, but the chance to stay in London would appeal more to Sanchez.
Get Quotes on Home Insurance
However, with Arsenal determined not to let him leave next summer as a free agent, a switch to PSG seems to be the next best thing on the cards for Wenger.
Sanchez scored a sublime free-kick in Arsenal’s 2-1 win over Middlesbrough last night as Arsenal kept their slim chances of a top-four finish alive.
Alexis Sanchez scored a free-kick against Middlesbrough last night Where could Alexis Sanchez go next? Thu, March 30, 2017
Where could wantaway Arsenal striker Alexis Sanchez go next?
Play slideshow Arsenal FC via Getty Images 1 of 11
Where could Alexis Sanchez go next if he leaves Arsenal?
Asked if Sanchez and Mesut Ozil’s contribution outlined their pair’s importance, Wenger said: “Of course.
"But their future, they have still one year of contract after [this season] so I don’t think there is an urgency about that.
"Anyway, I said that many times you perform on the football pitch because you love to play football."
Ozil is also about about to enter the final 12 months of his contract.