The Uruguayan defender spent the second half of the 2012/13 campaign in Spain after falling out of favour in France.
The 32-year-old does not expect to see that agreement extended and will return to PSG for pre-season training.
Lugano will, however, be looking to make his way through the exit door at Parc des Princes at some stage during the current transfer window.
He told Urugol: "I will return to Paris St Germain. I was only on loan to Malaga and it is over, so I am returning to Paris.
"What else can I say? There is nothing to say yet. I will return to PSG and do the pre-season with the intention of leaving.
"I haven't decided where yet. I will return to France, but I will be trying to leave.
"I say try because I am a PSG player and they won't let me leave if they think I can be of use there. The idea is that they will give me the freedom to find another team."