Pepe is eager to leave the Gunners this summer and has instructed his new agents to find him a club.
The winger has been linked with PSG as a replacement for departing veteran Angel di Maria.
However, agents LF 360 say: "Our player Nicolas Pépé has never been offered to Paris Saint Germain."
Meanwhile, Le 10 Sport says PSG are keen on Pepe if they fail to sign Ousmane Dembele from Barcelona.
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