PSG looks again toward Khéphren Thuram: Juventus holds a strong negotiating position
PARIS, June 23, 2026 — Paris Saint-Germain has reopened the file on Khéphren Thuram, the French Juventus midfielder who has established himself in Turin as one of the most interesting profiles for clubs seeking a physically powerful, technically skilled and tactically adaptable central midfielder. According to information reported by Les Transferts, the Parisian club has already made contact with the player's entourage to examine the conditions of a possible transfer. The same source states that Juventus is asking around 70 million euros for the France international, which clearly shows that the Turin club does not intend to negotiate from a position of pressure. According to the available information, there is currently no officially confirmed offer or formal negotiations between the clubs, and the entire case remains in the stage of testing the waters ahead of the summer transfer window.
PSG's interest is not new, but the timing is different
PSG's interest in Khéphren Thuram fits into the broader strategy of the Parisian club, which in recent seasons has sought to build a team around players capable of maintaining high intensity, covering space quickly and bringing technical security in possession. Thuram is precisely that type of profile: a midfielder who can play as a powerful number eight, cover a large part of the pitch, escape pressure through dribbling and take part in transition. According to earlier reports by French and Italian media, PSG had followed him even before the current wave of speculation, but Juventus has so far made it clear that it sees him as an important part of the project. Les Transferts writes that the Parisian club could now try to use Juventus' interest in Randal Kolo Muani to open a broader negotiating framework. That still does not mean the deal is close to being completed, because in transfers of this kind initial contacts are often used only to assess the willingness of the player and the club to hold talks.
Thuram's situation is especially interesting because this is not a player who has entered the final phase of his contract or a footballer whom his current club is trying to sell quickly. Juventus officially announced that Thuram arrived from Nice in July 2024 and signed a contract until June 30, 2029, which gives the Turin side strong control over his future. According to Juventus' official document for investors, the fee for his arrival amounted to 20 million euros, with additional costs of up to 0.6 million euros. If the current valuation of around 70 million euros is accurate, that means Juventus could make a significant financial profit, but only if it judges that the sporting loss can be compensated. That is precisely why the price at this moment is not only a market label, but also a message that any potential buyer will have to offer a package that solves more than one problem for Juventus.
Juventus could link Thuram with the Kolo Muani dossier
The most sensitive part of the story concerns Randal Kolo Muani, the PSG forward who has already had a successful spell at Juventus. In its official announcement of his loan to Tottenham, PSG stated that Kolo Muani played 22 matches during his earlier stay at Juventus, scored 10 goals and added three assists. The same club profile recalls that the striker had previously recorded 11 goals and seven assists in 54 appearances in a PSG shirt, but he did not permanently secure in Paris the status that accompanied his major arrival from Eintracht Frankfurt. That is why Juventus' interest in his return has sporting logic: he is a player who knows the league, the club and part of the dressing room, and has already shown that he can adapt quickly to the Turin context. According to Football Italia, Juventus has considered a new attempt to bring in Kolo Muani several times, but the terms of the deal have changed depending on PSG's assessment and the financial room of the Italian club.
In the latest development, Italian sources state that Juventus could use PSG's interest in Thuram to try to lower the price of Kolo Muani or open talks about an exchange. Such a construction would be logical from a negotiating perspective, but for now it should be treated as media information, not as an agreed framework. Football Italia had earlier reported the opposite as well: that Juventus is not ready to sacrifice Thuram in an operation for Kolo Muani and that Turin is thinking about his importance for the team's future. That very difference between the reports shows how fluid the dossier still is. At this stage, the only thing clear is that PSG has a player who is interesting to Juventus, while Juventus has a midfielder who matches the profile Paris is looking for; everything else depends on the price, the structure of the deal and the will of the players themselves.
Thuram's contract gives Juventus time and room
Juventus does not have to make a quick decision in this case. The club has the player under a long-term contract, and his market value stems from a combination of age, international status, physical qualities and experience in Ligue 1, Serie A and European competitions. In its official announcement upon his arrival, Juventus highlighted that Thuram had gained extensive experience over five years at Nice, including 167 appearances for the club, nine goals and 11 assists. The club also recalled his development path from French youth academies to Monaco, Nice and his senior international debut for France. Such a biography makes him a player who has already been tested at a high level, but who still has room for development.
For Juventus, a sale would make sense only if it fitted into a broader reconstruction of the team. The Turin club generally has to balance sporting ambitions and financial discipline, and midfield is a part of the team where the loss of a profile like Thuram is not easily replaced. His height, strength in duels and ability to carry the ball through the middle give him a role that not all classic central midfielders have. If Juventus agreed to a transfer, it would have to find a replacement who can offer a similar combination of dynamism and security in possession. That is why the figure of around 70 million euros can also be interpreted as a protective price, or a threshold below which talks would not make serious sense for the Italian club.
For PSG, the arrival of the French midfielder would carry sporting and symbolic weight
For PSG, the potential arrival of Khéphren Thuram would have multiple meanings. From a sporting point of view, the Parisian club would get a player who can increase competition in midfield, but also change the team's structure in matches where an additional physical presence is needed. Thuram is not a classic destroyer nor exclusively a creative midfielder, but a player between those categories, which makes him useful in systems that require constant movement of the lines and a quick reaction after losing the ball. In European matches, where the rhythm shifts from possession to transition within seconds, such a profile can have particular value. In recent years, the Parisian club has often sought a balance between individual quality and collective discipline, and Thuram's characteristics fit that direction.
Symbolically, he is also a French international born in Reggio Emilia but football-wise shaped in France, which would allow PSG to bring another domestic profile back to Ligue 1. In its official announcement, Juventus highlighted his family connection with Italy and Turin, because his father Lilian Thuram had previously worn the Juventus shirt, and the family spent part of his childhood in Italy. That background does not decide the transfer, but it adds a layer to the story of a player who has strong ties with both football cultures. If the possibility of returning to France opened up, the decision would not be only financial, but also sporting: Thuram would have to assess whether he would have a clear role at PSG, continuity of minutes and room for further development ahead of international cycles.
Kolo Muani remains an important asset in PSG's hands
Kolo Muani is more than a possible technical addition to the negotiations in this entire story. PSG brought him in as a major reinforcement, but his Parisian spell did not develop according to expectations, which is why loans to Juventus and Tottenham became attempts to restore form and market value. According to PSG's official data, the forward is a France international with 31 appearances and nine goals for the national team, and in his career he has previously played for Nantes, Boulogne, Eintracht Frankfurt, Juventus and Tottenham. Such a résumé still carries weight on the market, especially for clubs seeking a mobile forward capable of playing centrally or attacking space from the half-space. Juventus' interest therefore does not look like a sudden move, but rather a continuation of a relationship that already existed after his Turin loan spell.
For PSG, however, the Kolo Muani question is linked to financial rationality. If the club believes the forward is not part of the long-term plan, a sale or exchange could be a logical way out. But including Thuram in any deal would mean negotiations at a significantly higher level of value. If Juventus really is asking around 70 million euros for the midfielder, while media reports on Kolo Muani's price are noticeably lower, an exchange would almost certainly have to include additional financial components. That is precisely why a simple “swap” rarely happens in practice without complex formulas, bonuses, payment deadlines or accounting adjustments.
What has been confirmed so far, and what remains open
As of June 23, 2026, several key facts have been confirmed: Thuram is a Juventus player with a contract until 2029, his arrival from Nice officially cost 20 million euros plus additional costs, and PSG forward Kolo Muani remains a relevant element of market discussions after loan spells away from Paris. It has also been confirmed that French and Italian media have linked PSG with Thuram and Juventus with Kolo Muani several times in recent months. What has not been confirmed is the existence of an official PSG offer, formal negotiations between the two clubs or an agreed exchange model. For that reason, the entire case should be viewed as the beginning of a potentially important summer dossier, not as a transfer nearing completion.
The next steps will depend on three levels of decision-making. The first is PSG's willingness to offer a sum for the midfielder that Juventus considers serious. The second is Juventus' assessment of whether Kolo Muani can be included in the deal in a way that would reduce the overall cost while at the same time preserving the team's sporting balance. The third is Thuram's personal position, because a player with a long contract and an important role in Turin does not have to accept a change of environment unless he receives a convincing sporting plan. According to the available information, Thuram would consider a move to Paris if the clubs reached an agreement, but that is far from a final decision. The summer transfer window has yet to show whether PSG will turn its interest into a concrete offer or whether Juventus will keep the midfielder as one of the foundations of the team for the new season.
Sources:
- Les Transferts – report on PSG's interest in Khéphren Thuram and the context of a possible transfer from Juventus (link)
- Yahoo Sports / Football Italia – report on the possibility that Juventus could link PSG's interest in Thuram with the Randal Kolo Muani dossier (link)
- Football Italia – earlier report on Juventus' interest in Kolo Muani and the stance that Thuram is not easily available in a possible exchange (link)
- Juventus FC – official announcement of Khéphren Thuram's arrival from Nice and contract until June 30, 2029 (link)
- Juventus FC, Investor Relations – official document on the financial terms of Khéphren Thuram's transfer from OGC Nice (link)
- Paris Saint-Germain – official profile and announcement of Randal Kolo Muani's loan to Tottenham, including data on his previous loan at Juventus and international record (link)