As the winter transfer window nears, PSG have a chance to strengthen their squad for the closing stages of the 2025–26 season while also setting the stage for a bigger move later in the year.
Their approach with Khvicha Kvaratskhelia offers a clear example of their strategy. The club tracked him through the summer of 2024 but waited until early 2025 to make the signing, striking when it suited their plans.
According to transfer reporter Ben Jacobs, PSG are targeting a versatile forward for 2026. However, his sources suggest a move for Marcus Rashford, who is currently on loan at Barcelona from Manchester United, is not being considered at this time.
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CaughtOffside reports that PSG have made the forward a top offensive target and are prepared to spend around €50 million if Barcelona decide against activating their purchase clause.
A return to the Premier League remains a possibility as well. Tottenham Hotspur have shown interest in bringing Rashford back to England while they continue to reshape their squad under Thomas Frank, per the report.
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At the same time, Barcelona’s board are reportedly debating whether to trigger the €30 million buy option included in the loan deal. Despite Rashford’s strong performances, the club’s financial limitations are a major factor in the decision.
The Blaugrana are still managing La Liga’s strict salary cap rules, meaning any permanent signing must fit carefully within their wage structure. Sporting director Deco and club president Joan Laporta view Rashford as a long-term investment but want guarantees that the move won’t affect other transfer priorities for 2026.