Verratti has spent six years at PSG since joining from his boyhood club Pescara in 2012. The Italian has been a regular in the first team, making 239 appearances for the club in all competitions and picking up 18 major honours.
PSG had not planned to sell the man this summer, but it is understood that the player is eager for a new challenge elsewhere. Verratti was also allegedly unimpressed after his meeting with new manager Thomas Tuchel, which has cemented his decision to leave the club.
Manchester United were tracking the player but are thought to have cooled their interest as Verratti reportedly doesn't want a move to the Premier League. PSG are expected to have a significant say in the player's destination though, and will look to get the best possible deal for their man.
The French champions have identified Paul Pogba as the ideal replacement with the Frenchman having received mixed views on his time at Old Trafford. Some reports suggest PSG will offer Verratti plus cash for Pogba which could force the player’s hand.
Verratti does have suitors in La Liga and Serie A which are his preferred destinations, with Barcelona and Juventus the two front-runners for his signature. Verratti is represented by super-agent Mino Raiola, who is believed to have already approached Barcelona and Real Madrid over a deal for his client.