According to les Parisen newspaper, the 34 year old PSG star striker has been handed a 700,000 euros ($760,000) monthly pay-rise making him by far the highest-paid footballer in France.
Ibrahimovic joined the club in 2012 from AC Milan and has scored 127 goals in 156 games since then.
He now gets 1.5 million euros ($1.1 million) a month before tax under the performance-based hike agreed late last year.
