Sky Sports News reported Mbaye was a target for Villa in March and that the winger wanted a move this summer in search of regular game time.
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Liverpool had also explored the conditions of a move for Mbaye.
Mbaye predominantly plays on the right wing and made 24 Ligue 1 appearances for PSG last season, scoring three goals and adding two assists.
Villa had been targeting a move for AC Milan forward Rafael Leao but Sky in Italy has reported that the Portugal international has instead accepted a move to Galatasaray.
