According to transfer guru Fabrizio Romano, Zabarnyi, 22, will finally become a PSG player for a fee of around €67 million.
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The Ukraine international will put pen to paper on a five-year deal with the European champions, keeping him at the Parc des Princes until 2030.
Bournemouth have now lost two of the best centre-back prospects in the Premier League, with Dean Huijsen also leaving earlier in the summer.
Andoni Iraola have wasted no time in finding a replacement, however, with reports suggesting they will try to sign Lille's Bafode Diakite.
The Cherries previously walked away from signing the £35 million-rated defender but are now looking to re-enter negotiations.