According to TEAMtalk, PSG are prepared to compete with Liverpool and Real Madrid for Rayan Cherki should Manchester City face serious sanctions, and Bayern Munich are no longer in contention for the French playmaker.

According to Ekrem Konur, Paris Saint-Germain could attempt to pursue Rayan Cherki again if Manchester City were to be relegated from the Premier League. PSG has previously shown interest in Rayan Cherki before his departure from Olympique Lyonnais. Football Insider reports that a relegation of Manchester City could lead Cherki to consider leaving the club. Liverpool, Chelsea, Real Madrid, and Bayern Munich are also monitoring the situation of Rayan Cherki.

Paris Saint-Germain has a long-standing interest in Rayan Cherki and is expected to make a significant attempt to sign him if an opportunity becomes available. According to sources, the Parisian club is one of the most likely destinations for Cherki should he leave. The chance to bring one of France’s brightest talents back to Ligue 1 has appeal.

Sources close to the agents industry have informed CaughtOffside that Paris Saint-Germain, Real Madrid, and Bayern Munich are all monitoring 23-year-old Manchester City playmaker Rayan Cherki ahead of the January 2027 transfer window. PSG are particularly attracted by the prospect of bringing one of France's top talents back to Ligue 1. The source values Cherki at around €90m. No formal bids have been submitted by any club. Manchester City are in a strong contractual position, with Cherki's deal running until 2030. It is reported that Manchester City would have little interest in a sale unless an extraordinary offer was made. Cherki, who joined Manchester City in June 2025, has 14 caps and 2 goals for France.