As expected, Paris Saint-Germain have signed Brazilian hitman Neymar, but he bought himself out of his Barcelona contract for €222m.
It remains to be seen whether taking this unorthodox approach will exclude PSG from punishment under Financial Fair Play rules, as technically he signed on once he was a free agent.
“Paris Saint-Germain is very happy to announce the arrival of Neymar Jr to the team,” read a statement.
“On Thursday the Brazilian striker signed a five-year contract in the presence of the Club’s representatives. Neymar Jr is now committed to the French capital’s club until June 30 2022.”
The 25-year-old striker will wear the Number 10 jersey, which Javier Pastore agreed to hand over for the new arrival.
“I am extremely happy to join Paris Saint-Germain,” Neymar told the official club website.
“Since I arrived in Europe, the club has always been one of the most competitive and most ambitious. And the biggest challenge, what most motivated me to join my new teammates is to help the club to conquer the titles that their fans want.
“Paris Saint-Germain’s ambition attracted me to the club, along with the passion and the energy this brings. I played four seasons in Europe and I feel ready to take the challenge. From today, I will do everything I can to help my new teammates, to open up new horizons for my club and to bring happiness to its millions of supporters around the world.”
Neymar is the second former Barcelona player to join PSG this summer after Dani Alves, who terminated his Juventus contract early.
“It is with immense joy and pride that we welcome Neymar Jr to Paris Saint-Germain,” said Paris Saint-Germain President Nasser Al-Khelaifi.
“Neymar Jr is today one of the very best players in world football. His winning mentality, strength of character and sense of leadership have made him into a great player. He will bring a very positive energy to this club.
“In six years, we have built a very ambitious project that has already taken us to the highest level of national and European football.
“Today, with the arrival of Neymar Jr, I am convinced that we will come even closer, with the support of our faithful fans, to realizing our greatest dreams.”