Juventus are looking towards the future by targeting Kylian Mbappe.
Italian champions are ready to tempt PSG by offering Cristiano Ronaldo in return.
Ronaldo had been linked with a move to the Parc des Princes earlier this year.
However Real Madrid would likely attempt to rival any bid for Mbappe.
Juventus are reportedly looking to smash the world record transfer fee with an incredible £360million bid to try and land Kylian Mbappe, in a move that would see Cristiano Ronaldo head to Paris Saint-Germain in return.
The Italian giants are keen to land the France star who has emerged as one of the world's best young players and looks set to take the next decade by storm.
According to Tuttosport, Juve know they will be unable to accommodate both the World Cup winner and Ronaldo, who will be 36-year-old should the Italian side push ahead with plans for a bid next summer.
Ronaldo currently has a contract that runs until 2022 and earns around £540,000 per week.
He tested positive for coronavirus on Tuesday and will now return to Italy to complete a period of self-isolation.
As a result he will not feature in upcoming matches against Crotone in Serie A and Dynamo Kiev in the Champions League.
PSG would be unlikely to accept the approach from Juventus despite it trumping the current transfer record of Neymar's move to the French capital from Barcelona by £162million.
Ronaldo though is of interest to the French side and the Portuguese forward has flirted with the idea if a move to France in recent times.
He has previously been linked with a move to PSG back after growing unsure of Juventus's credentials to win the Champions League and believing the French side offered a better chance of helping him land Europe's biggest prize for a sixth time.
Although this could lead to a fearful front three of Ronaldo, Mbappe and Neymar, this now looks unlikely to happen with Mbappe's future uncertain at the Parc des Princes.
The World Cup winner desires a move to Real Madrid who in turn are keen to bring in the 21-year-old to add star power to their attack.
The La Liga giants have been long-term admirers of Mbappe but due to the financial impact of the coronavirus pandemic could not splash the cash this summer.
Madrid are keen to lure the 21-year-old forward away from the Parc des Princes but also see Dortmund star Haaland, who has a £63million release clause in his contract, as an alternative option.