The France international, who was handed his debut for the national team by current PSG boss Laurent Blanc, has been heavily linked with a return to his homeland, with Pardew acknowledging the Ligue 1 champions' interest in a press conference on Monday.
The Toon boss admitted he was not confident of keeping Cabaye beyond the close of the transfer window, but has promised that targets are already being pursued should les Parisiens stump up the required cash.
|11/4||Yohan Cabaye is 11/4 with Betway to score anytime against Norwich|
“So, at the moment, we don’t actually know whether that club is willing to sell. We’re getting near the end of the window now and we have to be careful.”
Pardew says Cabaye, and other Newcastle players, were lured to Tyneside under the promise of challenging for the Champions League and, without European football, will struggle to retain their best players.
“If you’re going to bring players to a club like Cabaye, and you’re saying to them that you want to break into the Champions League, you will attract better players like that,” added the 52-year-old.
“But you’re more likely to lose them if you’re not in the Champions League.
“If we had won two more over Christmas and January, then I could have argued we have a realistic chance of the Champions League.
“But it’s difficult to look a player in the eye and say we have a realistic chance when the bigger teams all kept winning.”