The Ligue 1 champions have enjoyed a hugely-productive summer window, a change in strategy leading to prospects and younger established players arriving at Parc des Princes.
Milan Skriniar and Marco Asensio will also add experience to what is becoming a far more youthful squad, yet the French giants are still dealing with a number of potential high-profile departures.
As well as Kylian Mbappe possibly being sold for a substantial fee, newly-appointed head coach Luis Enrique faces the prospect of losing the services of Marco Verratti.
Saudi Pro League side Al-Hilal are currently attempting to get a deal over the line for the long-serving midfielder, and successful negotiations would lead to a large hole in the PSG engine room.
Nevertheless, according to L'Equipe, sporting advisor Luis Campos has already identified his preferred alternative to the Italy international.
Campos is said to be 'determined' to secure a deal for Nunes, who only left Portuguese side Sporting Lisbon to sign for Wolves 12 months ago.
Owners Fosun International opted to pay a club-record €45m fee for Nunes, yet he failed to live up to his price-tag during his first campaign in the Premier League.
Although the 24-year-old scored one of the goals of the season against Chelsea in April, that was his only strike of the season and he provided just one assist.
Nunes was not necessarily helped by being used on the right flank after the arrival of Julen Lopetegui, but his lack of consistency has ultimately left known admirers Liverpool turning their attention elsewhere.
With four years left on Nunes's contract, Wolves do not necessarily have to cash in on their most prized asset, although it has been well-documented that more sales must occur to get on the right side of FFP.
Wolves are yet to part ways with available players such as Jonny and Daniel Podence, and PSG's alleged interest may create an opportunity to acquire several players in a different price bracket as soon as possible.
That said, Fosun are unlikely to consider conducting a deal for anything less than the fee that they paid in 2022, unless a player is included in part-exchange.
The two clubs are no strangers to doing business with Wolves signing Pablo Sarabia from PSG as recently as January.