Rayan Cherki of Olympique Lyonnais celebrates scoring. (Photo by Carl Recine/Getty Images)

Manchester City could face a stiff challenge in retaining Rayan Cherki if their ongoing financial case leads to a harsh punishment, with Paris Saint-Germain now positioning themselves as a serious rival to Liverpool for the French playmaker.

Cherki has rapidly established himself as a key figure in City’s squad since his move from Lyon, and his influence continues to expand. The 23-year-old registered 25 goal contributions in his maiden season in England and has already added six in eight appearances this campaign.

Rayan Cherki attracts PSG and Liverpool interest

His rapid development has naturally drawn attention from other top clubs, with Liverpool understood to be closely monitoring the situation. PSG have now entered the fray as another formidable contender, largely driven by the uncertainty over City’s eventual sanction.

According to TEAMtalk, the French champions are highly keen on Cherki and view him as an appealing reinforcement for their attacking department. His technical ability would complement their style, while his French passport aligns with the club’s preference for recruiting elite domestic talent.

City, for their part, remain in a delicate spot. Cherki’s contract runs until 2030, so there is no immediate pressure to sell. However, a significant sporting sanction could reshape the club’s transfer strategy and open the door for Europe’s elite.

Cherki could have plenty of options

PSG would not have an uncontested path to signing the midfielder. Liverpool remain interested, while Chelsea and Real Madrid have also been linked with monitoring the former Lyon star.

That level of competition could push any potential deal to a premium price. City paid €42.5 million for Cherki, but his performances in the Premier League mean they would now expect a substantially higher fee.

For now, there is no sign that the player is actively seeking a move. Much will hinge on the outcome of City’s appeal and the punishment ultimately handed down.

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