Arctos Sports Partners are interested in acquiring a minority stake in Paris Saint-Germain, reports CBS Sports journalist Ben Jacobs.
The private equity firm are one of several groups keen on investing in the French club.
Arctos value PSG over €4 billion and are seeking a stake between 5% and 15%.
Qatar Sports Investments acquired a minority stake in the Ligue 1 club in 2011 before completing a €70 million takeover nine months later.
PSG have since become a force to reckon with in France, winning eight league titles.
However, suggesting they are worth over €4bn is outrageous.
Manchester United owners want around €7bn (£6bn) to sell their club while Chelsea was sold for €4.9bn (£4.3bn) in May 2022.
PSG have established themselves as French giants but have struggled to impress in the Champions League.
Despite their financial might, continental success has continued to evade them, and not even recruiting star players has helped their cause.
Les Parisiens boast world-class players and infrastructures, including the 48,000-capacity Parc des Princes.
However, they are still some years away from commanding such astronomical fees.
PSG are the 50th most valuable sports team with a €2.3bn valuation.
Putting all factors together, the French club are worth €3bn at most.
They will need to establish dominance in Europe to increase their value.
QSI will keep working towards making PSG one of the big clubs on the continent, and they have been linked with interest in AS Roma manager Jose Mourinho.
They are expected to be without Neymar and Lionel Messi next season, while Real Madrid are keen on snapping up Kylian Mbappe.
Losing their attacking trio or the former Barcelona stars will further see their stock plummet.
PSG will continue to have unlimited funds thanks to their owners, but they need to get plenty of things right to become a football powerhouse.