The Metro carries reports from France that claim PSG will use the cash from the sale of the €63m-rated (£51m) Cavani to fund their move for Di Maria. With Financial Fair Play regulations to consider, PSG need to sell before they can buy following their €50m acquisition of David Luiz from Chelsea.
Cavani, who has been linked with Manchester United and Liverpool as well as Arsenal, is reportedly unsettled at the Parc des Princes and would consider a move to the Premier League.
Wenger is reportedly considering a bid for the forward, despite public statements to the contrary. The Arsenal boss insists he's happy with his squad, but he may be tempted back into the market if the right player becomes available.
Di Maria, a target for Manchester United, is keen to move either to France or England but PSG seem to have jumped ahead in the race to sign him. They have rekindled their interest in the player, and have resumed negotiations with Real Madrid.
United defeat to Swansea
Manchester United meanwhile slipped to a 2-1 home defeat to Swansea in their opening game of the Premier League season. And while Van Gaal said afterwards that he would not be rushed into the market, the pressure is now on the Old Trafford bosses to strengthen the squad.
A deal for Cavani would likely smash Arsenal's club transfer record, which currently stands at the £42.4m they paid Real Madrid for Mesut Ozil last summer.
Brendan Rodgers has admitted his side want to make a 'top level' addition to their strike-force, with Cavani and Radamel Falcao believed to be the Anfield club's top two targets.