Paris Saint-Germain reportedly turned down a cash-plus-player swap deal from Real Madrid earlier this summer involving Gareth Bale.
The Brazilian's future in the French capital has been one of this transfer window's longest-running sagas, with the 27-year-old determined to leave the club and make a move back to Spain.
It is believed that although the player's ideal destination is his former club Barcelona, their great rivals attempted to steal a march on them by making a substantial initial offer.
Mundo Deportivo reports that Zinedine Zidane's side offered the French giants £85m and Welsh winger Bale, who is deemed surplus to requirements at the Santiago Bernabeu and looked set to move to China last month.
Barcelona are also believed to be considering a cash-plus-player deal, possibly involving Philippe Coutinho or Ousmane Dembele, for their former star, who has reportedly been omitted from Thomas Tuchel's squad for PSG's Ligue 1 opener later today against Nimes.