Carlos Tevez's representatives will open talks with Paris St Germain on Thursday, Press Association Sport understands.
The Argentinian forward is hoping to seal a move away from Manchester City during the January transfer window, but the Barclays Premier League leaders are determined to ensure the price is right in order to avoid suffering too great a loss on their outlay on the player in the summer of 2009.
PSG are now one of the main players in European football after a summer takeover by Qatar Sports Investments and are one of the few clubs with the financial muscle to recruit Tevez.
Inter Milan and AC Milan have also expressed an interest in signing the 27-year-old, with Inter president Massimo Moratti having been in touch with the Blues earlier this month to confirm they would be willing to pay 25million euros (£20.7million) for Tevez.
Although such a deal would have the significant advantage of being a straight transfer, rather than a loan, which City have consistently refused to entertain, Press Association Sport understands it falls short of the club's valuation.
Tevez remains in Argentina, his career on hold having refused to return to City even though the furore and disciplinary action over his non-appearance against Bayern Munich in a Champions League match in September has now been resolved.
He was signed by City for a reported £32million in July 2009 after his advisers were unable to agree terms with Manchester United, having first gained Premier League experience with West Ham.
PSG have already invested heavily since their Middle Eastern buyout, with former Chelsea boss Carlo Ancelotti brought in on lucrative terms to coach a side containing another Argentinian, playmaker Javier Pastore, who cost a reported 43million euros (just under £36million) when he joined from Palermo.
They were also linked with a move to sign former England captain David Beckham, who has instead re-signed for Los Angeles Galaxy.