Paris Saint-Germain are keen for Barcelona to include Malcom in any deal involving superstar forward Neymar, according to a report.
Speculation linking Neymar with a return to his former club, two years after making the £198m switch, has gathered pace in recent weeks.
PSG have opened the door for the Brazil international to rejoin Barca, but only if their valuation of the player is met in full.
French outlet Le Parisien suggests that a player-plus-cash deal is also possibility, and Malcom is one of those who could be heading to the Parc des Princes.
The 22-year-old struggled in his debut season with Barcelona following a £36.5m move from Bordeaux, featuring just 24 times in all competitions and scoring on four occasions, but PSG reportedly like the look of him.