Newcastle reject PSG Cabaye bid
PSG boss Laurent Blanc has never hidden his admiration for Cabaye, who he handed a debut to whilst coach of the French national side.
Earlier this week he confirmed PSG's desire to land a midfielder this month, and he highlighted Cabaye and Roma's Miralem Pjanic as his preferred options.
PSG, who enquired about Cabaye earlier this month, have now cemented their interest by making a firm offer, Sky Sports understands.
However, their £14million offer is way short of Newcastle's valuation which is over £20million.
Newcastle have insisted that they are not looking to sell any players this month - although they have never denied that every player has a price.
Cabaye has two years left on his current deal at St James' Park, although under FIFA rules he could in theory buy out the remainder of his own contract this summer.