Cabaye, who scored the winning goal as Alan Pardew's side defeated Manchester United on Saturday, came close to joining Arsenal in the summer, with the Gunners failing with a £10 million (€12m) bid for the France international.
The former Lille man has played a key role in the Magpies' resurgence this season that sees them sitting in seventh place in the Premier League table but, despite confirming that no offer has come in from PSG, Cabaye would be interested in a switch to the Parc des Princes.
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Cabaye also revealed that he was in talks to join Aston Villa during Gerard Houllier's spell in charge back in 2011 before he finally opted for St James's Park but has "no regrets" over moving to the Tyneside club.
"It was the summer after Lille won the double," the midfielder recalled. "I had much more contact with Aston Villa and Houllier. It was my priority.
"Then my agent told me about Newcastle and I waited for Houllier to tell me he had finally stopped [managing Villa due to health reasons], to join Newcastle.
"And I have no regrets. I feel great, confident, especially compared to last season. It was the first time in my career I played [to avoid] relegation.
"This season we are well placed, we have taken points. I feel very good, I want it to be a big season, to try to finish as high as possible while thinking about the World Cup next summer."
French newspaper Le Parisien reported on Monday that there had been no approach from PSG for Cabaye, detailing that their interest in the Frenchman dated back to Leonardo's time as a director at the club.