Pardew revealed on Thursday that an improved offer was yet to be submitted, and the Metro now reports that PSG are willing to stump up £17m to tempt Mike Ashley to part with the 27-year-old.
Arsenal to miss out on Newcastle's Cabaye as PSG step in?
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Paris Saint-Germain are ready to bid £17m for Newcastle United midfielder and Arsenal target Yohan Cabaye, according to reports.
Report: Arsenal to make new £20m Cabaye bid>
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