Paris Saint-Germain are interested in completing a January deal for Arsenal's Bacary Sagna after learning that the defender is refusing to sign a new contract at the Emirates.

Sagna's current contract expires at the end of the season and Arsenal have been unable to persuade the defender to sign a new deal, leading to speculation that he would leave on a free at the end of the season.

Bacary Sanga
Bacary Sagna in action against QPR [Reuters]

However, the Metro believes that PSG will attempt to secure his services in January by making an offer of £9.5million; an offer Arsenal may find hard to turn down with Sagna able to leave for nothing just five months later.

The French club are certainly not short of options at right-back having signed Holland international Gregory van der Wiel in the summer, while club captain Christophe Jallet also plays on the right of defence.

Nevertheless it seems that PSG manager Carlo Ancelotti is keen to bring Sagna back to Ligue 1 some five years after he left Auxerre and joined Arsenal.

During his stint in north London, Sagna has been unable to help the club win a trophy but has been viewed as one of the most consistent performers in the team.

It seemed Arsenal had few options in reserve but the emergence of Carl Jenjinson, who deputised for Sagna while the Frenchman was injured earlier in the season, has shown Arsene Wenger that he does have cover.

Should Arsenal decide that they are unwilling to meet the contract demands of Sagna, who reportedly wants a new four-year deal, then it may be in the club's interest to cash in during the January transfer window.

Sagna will turn 30 in February and if PSG make the offer then Arsenal would be making a profit on a player who they signed for less than £8million in the summer of 2007.

PSG are determined to challenge both domestically and in Europe, with Ancelotti expected to also attempt to sign a left-back in the New Year, with France internationals Patrice Evra and Gael Clichy both linked with a move.