The Brazilian striker Neymar Jr has spent the past four seasons at Parc des Princes and has one more year to pursue his current contract.
However, amid recent rumors that Neymar is wanted by former Barcelona, Spanish Sport claims PSG are moving in peace.
Neymar is said to have been offered a lucrative contract by the French giants in the past but was reluctant to write a pen.
It is suggested that the former Barcelona Forward has been given the option of agreeing to the terms of the contract or the club will consider selling him, rather than letting him go free next year.
The contract extension renews offered by PSG are rumored to continue until the end of 2026-27 season when Neymar will be 35.