Sky Bet have reported a run of bets on Andre Villas-Boas to take the PSG job with Carlo Ancelotti heavy favourite for the Real Madrid vacancy.
The free-spending French champions are expected to lose Ancelotti to Real Madrid this summer, with the Spanish giants publicly courting the Italian following Jose Mourinho's return to Chelsea.
Ancelotti is the 1/16 favourite to fill the vacancy at the Bernabeu, with Villas-Boas now considered his most likely replacement ahead of Swansea boss Michael Laudrup (3/1), Roberto Mancini (7/2) and Laurent Blanc (5/1).
Sky Bet Football Trader Chris Spicer said: "We saw a flurry of bets on Tuesday morning as a range of reports suggesting PSG have approached Villas-Boas' representatives emerged.
"However, we're refraining from cutting the price too much more given we also recently saw him backed for the Real Madrid post.
"It is also questionable as to whether the PSG post is significantly more appealing than the one he currently holds at Tottenham, given the talent at his disposal and unfinished business of not securing a top-four place last season."