The Newcastle midfielder was expected to be the subject of a £21million move to the oil-rich French club this month and was expected to strengthen their Champions League ambitions as the tournament enters the knockout stages.
But multiple reports on the other side of the Channel suggest he is reconsidering the move.
Cabaye fears his long-term prospects will not be suited by a move to Parc des Princes, especially as PSG are lining up a summer move for Juventus midfielder Paul Pogba and already have Thiago Motta, Mohamed Sissoko and Javier Pastore in a hugely talented midfield.
But Arsenal boss Arsene Wenger has made it known "my interest in Cabaye ended last summer. We offered what we believed to be a good offer but Newcastle wanted more, and that was the end of it."
Man United, meanwhile, are expected to add to their midfield with the £37m signing of Chelsea midfielder Juan Mata this evening.
As it stands, the 28-year-old France international looks to be staying on Tyneside until the summer.
Newcastle United Fixtures
Tuesday January 28 - 19:45 Norwich City v Newcastle United
Saturday February 1- 12:45 Newcastle United v Sunderland
Saturday February 8 - 15:00 Chelsea v Newcastle United
Wednesday February 12 - 19:45 Newcastle United v Tottenham
PREMIER LEAGUE
1 Arsenal 51
2 Man City 50
3 Chelsea 49
4 Liverpool 43
5 Tottenham 43
6 Everton 41
7 Man Utd 37
8 Newcastle 36
9 Southampton 31
10 A Villa 24
11 Hull City 23
12 Norwich 23
13 Stoke City 22
14 West Brom 21
15 Swansea 21
16 C Palace 20
17 Fulham 19
18 West Ham 18
19 Sunderland 18
20 Cardiff 18
NEWCASTLE UNITED 2013/14
PREMIER LEAGUE
WEST HAM 1 NEWCASTLE 3 (Cabaye 2, Remy)
Krul, Yanga-Mbiwa, Williamson, S Taylor, Santon (74' Dummett), Tiote, Anita (60' Shola Ameobi), Sissoko, Cabaye, Gouffran, Remy (78' Ben Arfa)
Subs: Cisse, Haidara, Elliot, Obertan
NEWCASTLE 0 MAN CITY 2
Krul, Yanga-Mbiwa (82' Ben Arfa), Williamson, S Taylor, Santon, Anita (73' Cisse), Tiote, Sissoko, Cabaye, Gouffran (82' Haidara), Remy
Subs: Gosling, Elliot, Marveaux, Sammy Ameobi
WEST BROM 1 NEWCASTLE 0
Krul, Debuchy, Williamson, Coloccini (65' Yanga-Mbiwa), Santon, Cabaye, Tiote, Gouffran (45' Ben Arfa), Sissoko, Remy, Shola Ameobi (76' Haidara).
Subs: Anita, Cisse, Elliot, S Taylor
NEWCASTLE 0 ARSENAL 1
Krul, Debuchy, Williamson, Coloccini, Santon, Anita (74' Shola Ameobi), Tiote, Sissoko (79' Haidara), Cabaye, Gouffran (62' Ben Arfa), Remy
Subs: Cisse, Yanga-Mbiwa, Elliot, Sammy Ameobi
NEWCASTLE 5 STOKE CITY 1 (Remy 2, Gouffran, Cabaye, Cisse pen)
Krul, Debuchy, Williamson, Coloccini, Santon (61' Haidara), Anita (45' Shola Ameobi), Sissoko, Ben Arfa, Cabaye, Gouffran (72' Cisse), Remy
Subs: Yanga-Mbiwa, Elliot, Obertan, S Taylor
CRYSTAL PALACE 0 NEWCASTLE 3 (Cabaye, Gabbidon og, Ben Arfa pen)
Krul, Debuchy, Williamson, Coloccini, Santon, Anita, Tiote, Sissoko, Cabaye (79' Ben Arfa), Gouffran, Remy (75' Shola Ameobi).
Subs: Cisse, Yanga-Mbiwa, Haidara, Elliot, Obertan
NEWCASTLE 1 SOUTHAMPTON 1 (Gouffran)
Krul, Debuchy, Williamson, Coloccini, Santon (78' Haidara), Sissoko, Anita, Tiote, Gouffran (73' Ben Arfa), Shola Ameobi (61' Cisse), Remy
Subs: Yanga-Mbiwa, Elliot, Obertan, Sammy Ameobi
MAN UTD 0 NEWCASTLE 1 (Cabaye)
Krul, Debuchy (83' Yanga-Mbiwa), Williamson, Coloccini, Santon, Cabaye (78' Shola Ameobi), Tiote, Anita, Sissoko, Remy, Gouffran (57' Ben Arfa).
Subs: Cisse, Gutierrez, Elliot, Obertan
SWANSEA 3 NEWCASTLE 0
Krul, Debuchy, Williamson (77' Yanga-Mbiwa), Coloccini, Santon (56' Haidara), Sissoko, Tiote, Cabaye, Gouffran, Shola Ameobi (67' Obertan), Remy
Subs: Anita, Elliot, Sammy Ameobi, Dummett
NEWCASTLE 2 WBA 1 (Gouffran, Sissoko)
Krul, Debuchy, Williamson, Coloccini, Santon, Sissoko (90+5' Cisse), Tiote, Cabaye, Gouffran, Shola Ameobi, Remy (84' Anita)
Subs: Ben Arfa, Yanga-Mbiwa, Elliot, Obertan, Sammy Ameobi
NEWCASTLE 2 NORWICH CITY 1 (Remy, Gouffran)
Krul, Yanga-Mbiwa, Williamson, Coloccini, Santon, Sissoko, Tiote, Cabaye (68' Anita), Gouffran (83' Ben Arfa), Shola Ameobi (74' Cisse), Remy.
Subs: Haidara, Elliot, Obertan, Sammy Ameobi
TOTTENHAM 0 NEWCASTLE UTD 1 (Remy)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Sissoko, Cabaye, Tiote, Gouffran (85' Obertan), Remy (75' Cisse), Shola Ameobi (60' Anita).
Subs: Coloccini, Ben Arfa, Elliot, Sammy Ameobi
NEWCASTLE UTD 2 CHELSEA 0 (Gouffran, Remy)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Sissoko, Cabaye, Tiote (53' Anita), Gouffran (85' Obertan), Shola Ameobi (62' Cisse).
Subs: Ben Arfa, Elliot, Sammy Ameobi, Tavernier.
SUNDERLAND 2 NEWCASTLE 1 (Debuchy)
Krul, Debuchy, Williamson, Dummett, Santon, Sissoko (45' Cisse), Tiote, Cabaye, Gouffran (86' Sammy Ameobi), Ben Arfa, Remy (70' Shola Ameobi).
Subs: Anita, Haidara, Elliot, Obertan.
NEWCASTLE UTD 2 LIVERPOOL 2 (Cabaye, Dummett)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Cabaye (78' Sammy Ameobi), Tiote, Gouffran, Sissoko (45' Dummett), Remy, Ben Arfa (78' Anita).
Subs: Cisse, Elliot, Obertan, Dummett.
CARDIFF CITY 1 NEWCASTLE 2 (Remy 2)
Krul, Debuchy, Williamson, Coloccini, Santon, Tiote, Cabaye (86' Ben Arfa), Gouffran, Sissoko, Remy (71' Gutierrez), Cisse
Subs: Anita, Yanga-Mbiwa, Elliot, Sammy Ameobi, Dummett
EVERTON 3 NEWCASTLE 2 (Cabaye, Remy)
Krul, Debuchy, Yanga-Mbiwa (46' Williamson), Coloccini, Santon, Tiote, Anita (69' Cisse), Ben Arfa (46' Cabaye), Sissoko, Gouffran, Remy
Subs: Elliot, Obertan, Sammy Ameobi, Dummett
NEWCASTLE 2 HULL CITY 3 (Remy 2)
Krul, Debuchy (86' Tiote), Yanga-Mbiwa, Coloccini, Santon, Cabaye (62' Gouffran), Anita, Sissoko, Ben Arfa, Cisse (73' Marveaux), Remy
Subs: Williamson, Elliot, Sammy Ameobi, Dummett
ASTON VILLA 1 NEWCASTLE 2 (Ben Arfra, Gouffran)
Krul, Debuchy, Coloccini, Yanga-Mbiwa, Santon, Anita (74' Tiote), Cabaye (88' Sammy Ameobi), Ben Arfa, Sissoko, Remy (63' Gouffran), Cisse
Subs: Elliot, Marveaux, S Taylor, Dummett
NEWCASTLE 1 FULHAM 0 (Ben Arfa)
Krul, Debuchy, Yanga-Mbiwa, Coloccini, Santon, Ben Arfa, Sissoko, Anita 65' (Cabaye), Marveaux 74' (Remy), Shola Ameobi 65' (Gouffran), Cisse
Subs: Gosling, Elliot, Sammy Ameobi, Dummett
NEWCASTLE 0 WEST HAM 0
Krul, Debuchy, Yanga-Mbiwa, Coloccini, Santon, Ben Arfa, Sissoko, Anita, Marveaux 66' (Sammy Ameobi), Shola Ameobi, Cisse 72'
Subs: Gosling, Bigirimana, Elliot, Vuckic, Dummett
MAN CITY 4 NEWCASTLE 0
Krul, Debuchy, Coloccini, S Taylor, Yanga-Mbiwa, Sissoko, Tiote, Gouffran 45+4' (Dummett), Ben Arfa 65' (Sammy Ameobi), Gutierrez 44' (Anita), Cisse
Subs: Elliot, Marveaux, Shola Ameobi, Obertan
LEAGUE CUP
NEWCASTLE 0 MAN CITY 2 (AET)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Haidara (45 Dummett, 80 Ben Arfa), Anita, Tiote, Gouffran, Sissoko, Shola Ameobi (66 Cabaye), Cisse
Subs: Remy, Elliot, Obertan, Sammy Ameobi
NEWCASTLE 2 LEEDS UTD 0 (Cisse, Gouffran)
Krul, Debuchy, Williamson, Coloccini, Dummett, Gouffran (90' Vuckic), Anita (80' Gosling), Tiote, Marveaux, Sammy Ameobi, Cisse (71' Obertan).
Subs: Ben Arfa, Yanga-Mbiwa, Bigirimana, Alnwick
MORECAMBE 0 NEWCASTLE 2 (Shola Ameobi, Sammy Ameobi)
Elliot, Debuchy, Yanga-Mbiwa, Good, Dummett, Bigirimana, Gosling, Marveaux 88' (Sissoko), Vuckic 46' (Shola Ameobi), Sammy Ameobi, Gouffran 71' (Ben Arfa)
Subs: Santon, Anita, Alnwick, Streete
FA CUP
NEWCASTLE 1 CARDIFF CITY 2 (Cisse)
Elliot, Santon, S Taylor, Yanga-Mbiwa, Haidara, Sissoko (85' Shola Ameobi), Tiote, Anita, Gouffran (63' Obertan), Ben Arfa, Cisse (85' Remy).
Subs: Williamson, Sammy Ameobi, Dummett, Alnwick
WEST HAM 1 NEWCASTLE 3
WEST HAM UNITED
13. Adrian
14. Matthew Taylor
28. Roger Johnson
19. James Collins
8. Razvan Rat
10. Jack Collison 45'
16. Mark Noble
23. Stewart Downing
21. Mohamed Diame 62'
7. Matthew Jarvis 73'
24. Carlton Cole
Subs
37. Leo Chambers
9. Andy Carroll 62'
11. Modibo Maiga
15. Ravel Morrison 45'
18. Alou Diarra
22. Jussi Jaaskelainen
26. Joe Cole 73'
NEWCASTLE UNITED
1. Tim Krul
13. Mapou Yanga-Mbiwa
6. Mike Williamson
27. Steven Taylor
3. Davide Santon 74'
24. Cheick Tiote
8. Vurnon Anita 60'
7. Moussa Sissoko
4. Yohan Cabaye
11. Yoan Gouffran
14. Loic Remy 78'
Subs
9. Papiss Cisse
10. Hatem Ben Arfa 78'
19. Massadio Haidara
21. Rob Elliot
23. Shola Ameobi 60'
25. Gabriel Obertan
36. Paul Dummett 74'
Andy Carroll squandered a glorious chance to decorate his Upton Park return with a crucial goal as Newcastle ended their three-match losing run in the Barclays Premier League.
Carroll, back from a long-term foot injury, made his second appearance of the season as a 62nd-minute substitute and was guilty of an awful miss.
With West Ham trailing 2-1 and the match finely poised, the England striker had the goal at his mercy after being teed up by Stewart Downing only to loft his attempt high over the crossbar.
Strikes from Yohan Cabaye and Loic Remy put impressive Newcastle in a commanding position, but Mike Williamson's own goal in first-half injury time set up a more competitive second half.
West Ham, buoyed by the arrival of Ravel Morrison, displayed greater fight and Carlton Cole should have scored the equaliser but also butchered the simplest of chances.
Newcastle added their third four minutes into injury time when Cabaye curled a free-kick around the wall, off the left post and into the net.
The result means West Ham slip back into the relegation zone while Newcastle have concluded their four-match losing run in all competitions.
The Magpies in full flow were great to watch but they will face few more accommodating back fours than Razvan Rat, James Collins, Roger Johnson and Matt Taylor.
Cabaye and Remy benefited from some woeful defending and had the Magpies been just a little more clinical, the contest would have been over by half-time.
Injury-hit West Ham's shortcomings in defence were exposed in the opening minutes when Cabaye threaded a terrific pass to Remy.
The Frenchman outfoxed Johnson and Collins and having created enough room to take a shot, sent the ball narrowly wide of the left post.
When Cabaye was given the opportunity to put Newcastle ahead in the 16th minute, he seized his chance.
Yoan Gouffran darted infield and found Cabaye, who took two touches and passed the ball into the net with West Ham's passive defence all but waving him through.
It was turning into the Cabaye show as the French midfielder set up Moussa Sissoko with a long pass, which should have been buried, before shooting just wide himself.
The half-hour mark saw West Ham's first chance, but Downing stabbed the ball straight into the arms of Tim Krul.
Any hope that Downing's attempt might inspire the Hammers faded almost immediately as Newcastle capitalised on more shambolic defending to surge 2-0 ahead.
Sissoko floated in a cross that should have been cleared with ease, but instead Remy was able to glide unmarked into the six-yard box and stab home.
Remarkably given the run of play, West Ham pulled one back deep into first-half injury time and this time Newcastle's defence was at fault.
Rat provided the cross to Cole, who chested the ball down and muscled his way through two defenders, Williamson adjudged to have got the final touch as the ball found its way past Krul.
The goal seemed only to be a momentary lapse in concentration as Cabaye tested Adrian early in the second half, but slowly West Ham began to display some stomach for the fight.
A hint of complacency had crept into Newcastle's play and it was now the Hammers who were driving forward.
Cole should have rounded off Matt Taylor's hard work by dispatching the equaliser but instead he blundered over a simple chance, steering the ball wide with the target at his mercy.
Carroll's first appearance of the season at Upton Park was greeted by a loud cheer, but when the stage beckoned for the England forward to deliver he skied the ball into the stands.
Fittingly, it was the brilliant Cabaye who supplied Newcastle's third goal in the 95th minute.