It has been a frustrating time of late for the France international, who has been sidelined by a hamstring injury since December while his club have struggled in the Barclays Premier League. The Magpies are just two points above the relegation zone and Ben Arfa is vowing to "save" the Tyneside outfit when he makes his return, which he expects to come in mid-February.
Ben Arfa, who was at the Parc des Princes on Friday to watch the Ligue 1 side's 0-0 draw with AC Ajaccio, was quoted by Le Parisien as saying: "After I have saved my club, you never know. Signing for PSG would be a childhood dream. If there is a proposal, I will study it with interest. If there is a proposal. The "if" is important."
He added: "PSG is a club that lives in my heart. To play would be a nice gift."
Ben Arfa, a Clairefontaine graduate born in the Paris suburb of Clamart, joined Newcastle on loan from Marseille in 2010 before signing a four-and-a-half-year deal with them in January 2011.
Asked about when he might be able to make his comeback from injury, the 25-year-old said: "I should be able to resume in mid-February. I heal from Monday to Friday at the medical centre at Clairefontaine. Morale is good because I'm in Paris with family. But when I see the (Newcastle) games on television, it is not easy. The team needs all players and it is almost relegation."
Ben Arfa insists his main focus for now is on ensuring Newcastle do not go down.
"I am under contract with Newcastle and I'm fine," he said. "First, I must save my club. I only think of that. I will help my team and my coach (manager Alan Pardew), with whom I get along great. We really want to fight for him. The fans are great too."
Newcastle lost a key player earlier this month in striker Demba Ba, their top scorer who joined Chelsea, and could soon see another depart, with defender and captain Fabricio Coloccini understood to be looking to return to his native Argentina for personal reasons.
The Magpies do appear to be closing in on the signing of Marseille frontman Loic Remy, though, and have already recruited his fellow France international Mathieu Debuchy from Lille.