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PSG: Dembélé, a wait-and-see approach…

Despite initial talks regarding a contract extension, Paris Saint-Germain and striker Ousmane Dembélé have decided to postpone negotiations. PSG’s upcoming results in the Champions League could have a significant impact on the future of the 2025 Ballon d’Or winner.

Will the story between Paris Saint-Germain and Ousmane Dembélé continue? It is no secret that the two parties have held initial talks regarding a possible extension of the French international’s contract, which currently runs until June 2028.

And this matter, which promises to be particularly complex, has seen no progress in recent weeks…

The Dembélé case on hold

Indeed, according to reports in the daily newspaper L’Equipe on Monday, the French international’s situation is not an immediate priority for the capital club, which is focused on the cases of Senny Mayulu and Bradley Barcola. “It’s all a question of timing,” PSG stated. Both sides are in agreement on this point: now is not the time to negotiate, but rather to focus on the upcoming sporting fixtures.

As such, the Dembélé situation is unlikely to change before the end of the season, and Paris Saint-Germain’s results in the Champions League are likely to have a significant impact on the former Rennes player’s future. An elimination of PSG, in the quarter-finals or semi-finals, could prompt the Parisian management to entertain the idea of an end to the cycle, reinforcing the doubts arising from his first half of the season, which was hampered by injuries.

Is the financial aspect a risk?

On the other hand, further standout performances from Dembélé – who has been in fine form since the start of 2026 – to lead Paris to the final could put the Frenchman in a strong position in negotiations. Whilst PSG intend to ‘respect’ the 2025 Ballon d’Or winner, the financial aspect is also likely to pose an obstacle.

Unsurprisingly, the 28-year-old wishes to capitalise on his exceptional 2024–2025 season, whilst Paris intends to stay within the limits of its new ‘salary cap’. Should talks break down, England and Saudi Arabia would be possible destinations for Dembélé, who, however, does not intend to enter into any discussions before the end of the 2026 World Cup. It remains to be seen who will emerge as the big winner from this wait…

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