Canal+ claimed last night that a £21m bid had been agreed between the two sides and although Laurent Blance once again repeated his admiration for the midfielder, PSG did not table a bid.
Cabaye is currently in Abu Dhabi with the rest of his team-mates, something Alan Pardew insisted on, despite rumours Mike Ashley considered giving him 'leave' to encourage the bidders.
Three years ago Ashley held out for £35m for Andy Carroll after a series of bids from Liverpool.
And with Man Utd showing interest, Ashley would LOVE an auction between the two clubs.
PSG smashed Nantes 5-0 on Sunday night, and Blanc said he would only sign players who “love playing”.
Pardew admitted last month that Mike Ashley is a “hard seller”, leaving the door open to a fresh bid.
David Moyes is under pressure at Old Trafford following ANOTHER defeat at the weekend, and some snipers are suggesting he will need to bring in at least one quality player this transfer window to please the natives.
Should they qualify for the League Cup final tonight to set up an all-Manchester clash I'm sure some of the pressure will be lifted.
But if the unthinkable happens - and the Mackems knock them out - Moyes will have to have a serious rethink!
But then again, Cabaye is NOT cup-tied in the League Cup, and could play in the final if called upon.