The news comes from an obscure source: Palermo president Maurizio Zamparini.
As most fans know, Cavani is currently a Napoli player, so hearing this kind of news being broken by the president of a rival club is odd.
Zamparini told the rather originally named radio station, Radio Radio:
I have texted [Napoli president Aurelio] De Laurentiis to congratulate him on doing even better than I did [while dealing with PSG]. He has outdone the €43 million (£37m) that we got for Javier Pastore when we sold him to PSG.
De Laurentiis had to make this deal. He did well to say that he wanted a transfer fee like this. Cavani is a unique player. He couldn't stay at Napoli because he has to think about his career and PSG are offering him €8m (£6.9m) per year.
One could be forgiven for thinking that this announcement is merely mind games on the part of the Palermo man, but it follows a report given in the French paper Le Parisien which states that the deal could be wrapped up by as soon as Tuesday.
The news will be a hard pill to swallow for Chelsea fans, who over the past few years have become accustomed to being able to outbid their opponents for their top transfer targets.
The introduction of a team like Paris Saint-Germain to the European stage will certainly make things a lot more interesting in the future.