However, Peter Ridsdale, football consultant to the Plymouth board, has said a further £2 million is needed to ensure the club survives until the end of the season.
Although the club's players remain unpaid for January, office staff at Home Park have received their wage packets.
Taylor said: "We're probably going to be going down there soon, looking to see if we can help.
"They're one of the few clubs in the South West and we want to do all we can to make sure they survive."
A spokesman from Plymouth Argyle told the BBC that the club have not approached the PFA for help, and are still working on ways to bring the players wages up to date themselves.
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