Cabaye has been the focus of much speculation regarding his future, with Manchester United and Paris Saint-Germain among those clubs linked with the France international.
But Pardew has not given up hope that the 27-year-old will be staying on Tyneside for what could be a crucial season ahead of next summer's World Cup.
"Obviously, he's a player I want to keep," Pardew told the Shields Gazette.
"He's a great technical player, and his personality is fantastic. It's a big season for him. He will be a starter for France at the World Cup. It's important for him."
Pardew also hailed Cabaye's professionalism and appears unconcerned about the player's attitude should he end up staying with the Magpies.
"He's focused very much on us," added the Newcastle boss.
"There's no bid for him as we speak now. Until such time as there is, he is a Newcastle United player. Yohan's a total, 100 per cent professional.
"Anything else, all the speculation, will go on. It'll always go on around quality players like him, like with (Wayne) Rooney and (Cristiano) Ronaldo. It's part and parcel of being a big player."