Prijovic has netted 10 goals in 20 games for the Greek side this season, with two strikes coming in the Europa League qualifiers.
The 27-year-old is a Serbia international with seven caps, and played very early in his career with Derby County, Northampton Town and Yeovil.
PAOK signed Prijovic in 2015 from Legia Warsaw, and he has gone onto score 20 goals in 40 appearances.
Warsaw have a 15 per cent sell on clause as terms of their sale, and Goal Cyprus report Prijovic has a 10 million Euro release clause in his contract (£8.8 million).
Prijovic has previously played in Sweden, England, Poland, Italy, Switzerland, Norway and Turkey, and has scored in doubel figures in each of his past four seasons.