The 39-year-old, who retired from professional football over the summer, has insisted that he will be a keen follower of les Parisiens this year, due to their ex-Milan connections of Carlo Ancelotti, Zlatan Ibrahimovic and Thiago Silva.
“After Milan, PSG will be the first team I look out for,” he told Corriere dello Sport.
“There have been too many changes [at Milan]. The old guard have gone, Ibra, Thiago Silva, [Antonio] Cassano, they have all left. But we still need to give the coach [Massimilano Allegri] some time, because the staff are excellent. For me, only Juventus have more [in Italy].”
The ex-Italy international also spoke about the runners and riders in Europe's premier club competition this season, calling Galatasaray 'fearsome' and Borussia Dortmund 'a team to keep an eye on'.
“Milan will qualify from Group C, along with Zenit St. Petersburg. Although Malaga should be very strong," he insisted.
“PSG will be favourites for their group, along with Bayern [Munich], Arsenal, Manchester United and, of course, Barcelona.
“Group D looks like a tough one with Real [Madrid] and [Manchester] City, but I would keep an eye on Borussia Dortmund. I know the Westfalstadion, and it is a scary place to play.
“Galatasaray will also be fearsome at home.”
Inzaghi's long career came to an end this year and 'Superpippo' admits that although he feels he made the right choice to retire, he still thinks about life as a footballer in the top tier of Italian football.
“I miss everything. The field, the dressing room, the training. I miss San Siro. But I was lucky enough to experience good feelings as a player," he added.
"I left my career at a beautiful moment, and certainly made the right choice [to retire].
“I look back on my career with pleasure.
“As a player, I started in Serie C and got to the top of Europe and the world."
Inzaghi concluded by congratulating former team-mate Alessandro Del Piero on his move to Sydney FC.
“I say bravo to Alex. It is a brave and intelligent move. Maybe I'll do the same one day?”
Inzaghi's old team Milan host Anderlecht in their opening Champions League game on Tuesday, kick off 20.45 CET.