For PSG, the breakdown of talks with former Bayern Munich boss Julian Nagelsmann has left club bosses floundering in their search for a new manager.
In their efforts to replace the outgoing Christophe Galtier, it seems as if the French champions have turned their attention to Arsenal boss Mikel Arteta - perhaps unwisely.
A new report from French outlet RMC Sport states that PSG sporting director Luis Campos recently met with Arteta over the managerial position after failing to land Nagelsmann.
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However, the outlet adds that there is 'next to zero chance' of the Spaniard abandoning his Arsenal project, having almost guided the North London club to the Premier League title last season.
Where the Gunners are very much a club on the up, the same cannot be said of PSG, who seem to be heading in the opposite direction. Having already lost Lionel Messi to the MLS, the Parisians could lose superstar Kylian Mbappe this summer, who steadfastly refuses to sign a new deal with his current club.
In light of this mess, it's hardly surprising that Arteta looks to have already rejected PSG's advances.
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The man who, for a moment in time, seemed set to become PSG's new boss was Nagelsmann, still fresh from his Bayern Munich sacking in March.
And yet, in a similar vein to the German's talks with Spurs over becoming their new boss, any potential deal between the two parties was abruptly abandoned - leaving PSG with much to ponder.
Barring a huge change of heart, we shouldn't expect to see Arteta rocking up at Parc des Princes anytime soon, as the Qatar-owned club have seemingly approached Porto manager Sergio Conceicao instead - as per RMC.
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During his six-year stint with the Portuguese giants, the 48-year-old has won the domestic league and cup double twice, while also helping the side reach the Champions League Quarter-finals.
As for Arteta, he has the unevitable task of assembling an Arsenal squad capable of challenging Man City's all-conquering treble-winning side - should he choose to stay.
The first big name signing of the summer for Arsenal could well be West Ham United captain Declan Rice, who is valued at around £100 million. Numerous reports earlier this week suggested that the Hammers rejected Arsenal's opening bid for the England man.
Topics: Mikel Arteta, Arsenal, Premier League, Paris Saint-Germain, Julian Nagelsmann