After weeks of speculation, the Brazilian forward finally looks set to complete his protracted move to the French capital, with a three-and-a-half year contract ready to be signed
The news agency claims the Ligue 1 giants will pay €28m up front, with another €7m to come in the form of bonuses for the 22-year-old.
In addition, a three-and-a-half year contract worth between €6-7m a year has been proposed to Pato, which he is expected to put pen to paper on imminently.
Pato has been heavily linked with a potential move away from Milan since appearing to question coach Massimiliano Allegri's coaching methods.
However, despite continued denials from the Rossoneri hierarchy, it now seems PSG and new trainer Carlo Ancelotti have finally persuaded Milan to part with their man.
Pato's reported arrival comes in quick succession of countryman Maxwell's move to the Parc des Princes from Barcelona.