Paris Saint-Germain are keen to land Malcom in a player-plus-cash deal if Barcelona make a formal offer for Neymar, according to Le Parisien.
The Brazilian superstar is reportedly keen on returning to the Nou Camp two years after leaving the club for Paris in a £200million deal.
Malcom, who joined the Catalan giants from Bordeaux last summer, has failed to establish himself as a regular under Ernesto Valverde and could now be heading to the exit.
In his sole season in Spain, Malcom made 24 appearances, scored four goals and picked up a La Liga’s winner’s medal.
The 22-year-old Brazilian would be heading back to Ligue 1, where he first emerged with Bordeaux
After joining form Corinthians in 2015, Malcom appeared 96 times and scored 23 goals over two-and-a-half seasons.