
The France U21 international has been somewhat of a revelation since signing in the summer from Lorient in a deal worth around £7m.
The 19-year-old was initially brought in as a squad player with potential to become an asset in the future but he has flourished under head coach Unai Emery.
Guendouzi has gone on to make 33 appearances in all competitions this season and is fast becoming a key player for Arsenal.
And it would seem that his performances have attracted the interest of PSG, who according to the Express, are keeping tabs on him with a view to him replacing Adrien Rabiot
The 23-year-old is set to leave the Parc des Princes on a free transfer in the summer after failing to agree fresh terms.
PSG failed in a bid to sign Everton's Idrissa Gueye in January and could now look to rectify an expensive mistake by trying to tempt Guendouzi back.
But the Gunners have responded to the interest by slapping a huge price tag on the teenager's head, say the Express.
When quizzed about interest from PSG, Guendouzi admitted that it was not the first time they had come calling.
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