The Gunners failed in their pursuit to take Cabaye to the Emirates Stadium with a £10m bid and Cabaye later said: "Ask Joe Kinnear why the transfer didn't take place."
As it happens, Kinnear (if it was Kinnear who made the decision) got it right, because Newcastle ended up getting £19m for him from PSG.
Arsenal went on to smash their transfer record last August with the £42.4m acquisition of Mesut Ozil from Real Madrid, having lost interest in the French intentional.
Yohan Cabaye: “I had wanted to play under Arsene Wenger last summer but unfortunately that was not the case.
"I was contacted by PSG.
"They have Zlatan Ibrahimovic doing extraordinary things and Thiago Silva is a monster in the back.
"It is a new challenge. I want to stay here and win it. It is my destiny."