According to the Daily Star, which carries reports from Italy, the teenage midfielder has decided to leave the French giants at the expiration of his contract rather than in January.
Arsenal and Tottenham have been keen admirers of the 19-year-old, who came close to clinching a move to Roma over the summer before the deal collapsed over personal terms.
Wenger on Southampton clash
Waiting until the summer will give Rabiot the opportunity to negotiate a better salary, as the club he joins will not have to pay a transfer fee. That means he could feasibly get a larger signing bonus.
Arsenal and Spurs were planning January offers for the midfielder, as PSG would be in a difficult position with Rabiot looking to leave and his contract running down.
Now the north London rivals will have to be patient and wait to land their man, although both Arsenal and Spurs will be free to negotiate contracts with Rabiot from the New Year onwards.
While he won't be able to join his new club until next summer, Rabiot is free to discuss terms with foreign clubs from January 1st.
Rabiot career history
The former-Manchester City midfielder joined PSG in 2010 after stints with Creteil and Pau, and a very brief spell in England with the Etihad Stadium club in 2008.
The French under-21 international has made 31 league appearances for PSG, and featured on occasion under former-boss Carlo Ancelotti. Laurent Blanc is resigned to losing him and PSG have withdrawn their contract offer that went unsigned over the summer.
Arsenal are in Capital One Cup action tonight against Southampton at the Emirates Stadium, while the Gunners and Spurs go head-to-head in the first north London derby of the season this weekend.