PSG boss Laurent Blanc has never hidden his admiration for Cabaye, who he handed a debut to whilst coach of the French national side.
Earlier this week he confirmed PSG's desire to land a midfielder this month, and he highlighted Cabaye and Roma's Miralem Pjanic as his preferred options.
PSG, who enquired about Cabaye earlier this month, have now cemented their interest by making a firm offer, Sky Sports understands.
However, their £14million offer is way short of Newcastle's valuation which is over £20million.
Newcastle have insisted that they are not looking to sell any players this month - although they have never denied that every player has a price.
Cabaye has two years left on his current deal at St James' Park, although under FIFA rules he could in theory buy out the remainder of his own contract this summer.
Clearly PSGs tactic here is to go in low and unsettle him, then hopefully nick him for a reasonable price! Hopefully Mike Cashley digs his heels in and gets us a good price for him. It's inevitable he is going to go at some point, a player like Kebab should be playing in the Champions League, it's certainly where the player would like to be. I'd love for us to keep hold of him, but you've got to be realistic - since its mid way through the season, PSG should be forced to pay well over the odds to take him now.... otherwise we risk losing him for less in the summer, he could even buy out his contract. Sell him now - IF the price is going to be right for us. Get it reinvested in the summer and let's push on! In Pardew we trust. COME ON YOU TOON!- cleggy (nufc)