The French teenager signed for the Gunners last summer, joining in a £6m deal from Lorient.
Guendouzi has quickly established himself at the heart of Unai Emery’s midfield and has made 33 appearances in all competitions for far this season.
PSG have been monitoring 19-year-old’s progress in the English Premier League (EPL) and are considering a bid this summer.
But the Gunners have set a £60m asking price if the French champions do decide to make a move.
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