The goalkeeper has fallen out with the hierarchy at AC Milan and he is ready to leave the San Siro at the end of the season.
Both Manchester United and Real Madrid have been tracking the teenager for the past 12 months.
But, according to Quotidiano Sportivo, Donnarumma has decided he wants to join PSG in the summer.
The French giants are in the market for a new number one goalkeeper and they have identified the Italian as their top target.
PSG had also been looking at Alisson of Roma and Atletico Madrid’s Jan Oblak, but they will now focus on a deal for Donnarumma.