According to Dutch newspaper De Telegraaf (h/t Tom Adams of Eurosport), PSG officials Antero Henrique and Maxwell went to Amsterdam on Thursday for talks with Ajax about De Jong, and the move is now "almost certain" after they accepted technical director Marc Overmars' valuation.
However, De Jong's agent Ali Dursan refuted an agreement is in place.
De Jong is in his second season as a key part of Ajax's first team, and his effortless comfort on the ball has caught the eye of many teams across Europe.
As the Guardian's Jacob Steinberg noted, De Jong has drawn comparisons with Johan Cruyff, Franz Beckenbauer, Ruud Gullit and Frank Rijkaard, an indication of just how impressive his all-around game is.
Rumours have abounded linking him with Europe's biggest clubs. Sport Bild recently reported Bayern had jumped to the head of the queue with a €150 million (£133 million) bid for both De Jong and 19-year-old team-mate Matthijs de Ligt (h/t Goal).
However, if the latest report is correct, PSG look to have won the race, and De Jong will move to the Parc des Princes in the summer.
If the deal goes through, it will be a new transfer record for an Eredivisie player:
Dutch Football @FootballOranje_
€75 million for Frenkie de Jong would absolutely smash the Eredivisie transfer record. It is nearly double the €42 million paid by Tottenham to Ajax for Davinson Sanchez. Virgil van Dijk from Southampton to Liverpool for €84.5 million will still be the Dutch transfer record https://t.co/NTODdnOyHQ
It would also be a major coup for the French giants, as the Netherlands international boasts both a phenomenal passing range and superb ability on the ball:
De Jong would be another key piece of the puzzle at PSG as they look to become genuine contenders in the UEFA Champions League.
The news will come as a big blow to rival suitors, though—perhaps City most of all.
De Jong looked the ideal candidate to succeed the 33-year-old Fernandinho in Pep Guardiola's midfield, particularly after City missed out on signing Jorginho in the summer.