Newcastle have rejected a bid of £14million from Paris St-Germain for Yohan Cabaye.
Press Association Sport understands the big-spending French club has finally formalised its interest in the former Lille midfielder, but that the offer was swiftly rebuffed.
Speculation has been mounting for weeks that PSG would make a move for the France international this month despite manager Laurent Blanc's earlier indication that they would not.
Source: PA
