The former Newcastle midfielder would welcome his old Lille team-mate at the Parc des Princes, though he is not looking forward to the 23-year-old's imminent visit with Chelsea
The France international lined out alongside the Chelsea ace during their time together at Lille before discovering what it's like to go up against the 23-year-old Belgian during his spell in the Premier League with Newcastle.
Consequently, Cabaye is only too aware of just how big a threat Hazard is to PSG's hopes of progressing to the last four of the Champions League at Chelsea's expense.
"Hazard is a player that I would like to PSG," the midfielder told PMU ahead of next week's first leg at Parc des Princes. "He would do so well in Paris and in the championship.
"He's one of the best players I've played against. Eden Hazard is the Chelsea player. He will be the player that we will need to pay attention to; we will have to watch him.
"He can make the difference at any time; he can be dangerous with each acceleration. But then, the whole world knows that.
"And we will not focus solely on him, although we will have to be vigilant."
However, Cabaye suggested that Chelsea will be just as fearful of PSG's array of attacking talents, as he feels that Ligue 1 is now getting far greater exposure across Europe.
"It's started to arrive little by little, in England in particular," he mused.
"When Eden arrived at Chelsea and I at Newcastle, our team-mates didn't know us.
"Now, Ligue 1 is everywhere. Thanks to Paris and Monaco, the matches are now exported [on television]."