The Ligue 1 outfit have been busy piecing together their summer transfer plans since the arrival of Antero Henrique as the club’s new sporting director.
The Portuguese, who has succeed Olivier Letang at Parc des Princes, is seeking to address a number of areas in Unai Emery’s side after seeing PSG surrender their title to Monaco in 2017-18.
Several high-profile additions have been mooted, with Sergio Aguero, Alexis Sanchez, Pierre-Emerick Aubameyang and Kylian Mbappe among those to have registered on the radar.
James has now been added to that list thanks to his ties to so-called ‘super agent’ Jorge Mendes, who has had close ties with Henrique since his time at Porto.
Mendes has been pushing his clients towards Paris, with Pepe another of those who could be heading to France from Real Madrid.
He has been heavily linked with Premier League heavyweights Manchester United over recent weeks, but the Red Devils are believed to have cooled their interest.
That has left the door open for PSG to discuss a potential €60 million deal.
Mendes is also looking to nudge another player to have dropped out of United’s thoughts towards the French capital, in Monaco’s versatile Fabinho.
No offer has been made as yet to the Ligue 1 champions, and Atletico Madrid could provide competition for the Brazilian despite currently operating under the restrictions of a transfer embargo.