Barcelona are keen to re-sign Neymar from PSG, just two years after he left the club.
On Tuesday, officials from the Spanish giants travelled to Paris to hammer out an agreement for his transfer.
PSG are demanding cash plus players to exchange, while Barca are looking to keep the up-front cost limited.
After Barcelona spent £108million on French forward Antoine Griezmann, it had been suggested that Neymar could go move on a one-year loan deal with an obligation to buy next year.
This would simply be a move to allow Barca to pay for the star, as the majority of their budget was used up this year on Griezmann.
But after Tuesday’s meeting, it was widely reported that the two clubs had agreed on a player exchange deal.
Spanish publication SPORT claims Barca will apparently give up Philippe Coutinho and Ivan Rakitic after a request from the French giants.
They had been keen to keep Rakitic, but will apparently relent after Real Madrid’s interest in Neymar.
Madrid had been in negotiations with PSG over the signing of the Brazilian forward, but are also interested in Manchester United midfielder Paul Pogba.
After spending £275m this summer alone, it seemed unlikely that they would have the financial firepower to buy Neymar.
However, last week they entered into negotiations with the French champions.
Now, it appears that Barca have taken the lead for the star, but are not willing to spend more than €100m [£92m].
PSG want the deal to be completed as soon as possible, and Barca president Josep Bartomeu will meet with the French club’s owner Nasser Al-Khelaifi on Thursday to further discuss a potential deal.
Neymar is still on holiday in Portugal, and has apparently told the club that he will refuse to play for them again.