The two clubs have been locked in negotiations for weeks with Arsenal open to cashing in on the Spaniard.
PSG have launched an offer to sign Hector Bellerin Credit: Getty Images – Getty
Bellerin, 25, is a prime target for the French champions to replace Thomas Meunier who left for Borussia Dortmund on a free transfer.
While the right-back is not on Mikel Arteta’s transfer list, he is open to raising funds to improve other areas of the pitch.
The Guardian write how PSG have offered an initial £25m with an extra £5m in add-ons.
Bellerin is happy in London but would be open to a fresh challenge should Arsenal accept the offer, add the Atheltic.
He joined the Gunners’ youth ranks in 2011 and went onto make his senior debut two years later.
Bellerin, who has a contract until 2023, was limited to 13 league starts last season as he battled back from a knee injury.
Arteta has Ainsley Maitland-Niles and Cedric Soares as adequate back-up should he decide to cash in.
Juventus and Bayern Munich are also interested in his signature and could match PSG’s offer if it is accepted.
Arteta has already forked out £27m on defender Gabriel Magalhaes.
But he will use the cash generated from Bellerin’s sale to pursue a deal to land Atletico Madrid’s Thomas Partey.
The midfielder has a £45m release clause in his contract while it will cost a similar fee to sign Lyon target Houssem Aouar.