PSG signs Kylian Mbappe from Monaco in a record deal

Paris Saint-Germain have followed up their world-record signing of Neymar by completing the signing of Kylian Mbappe from Ligue 1 rivals Monaco, in an initial loan deal with an option to buy in what is likely to be the second-largest transfer of all time.

The 18-year-old French striker who was the subject of intense transfer speculation, was linked with a move to Arsenal, Real Madrid, Manchester City and Liverpool all summer.

He now arrives his home town club on an initial season-long loan, with all-but-certain option to buy him next summer on a deal until 2022.

By then, a deal reported to be worth €180 million, plus bonuses, will make the youngster the world’s second most expensive player only behind PSG's Neymar who was signed for €222m from Barcelona earlier in the summer. 

Paris Saint-Germain are thrilled to announce the signing of Kylian Mbappé! 👊 #BienvenueKylian pic.twitter.com/dOLX2YpP7x

— PSG English (@PSG_English) August 31, 2017

It is with great joy and pride that I join Paris Saint-Germain, Mbappe said in a statement.

For any young person from the Paris region, it is often a dream to wear the red and blue jersey and experience the unique atmosphere of the Parc des Princes.

I really wanted to be a part of the club's project, which is one of the most ambitious in Europe. Alongside my new teammates, I intend to continue my progression while helping the team achieve the very big objectives it has set itself.

Mbappe is regarded as one of the hottest properties in the game, having exploded into Monaco’s starting XI in the second half of last season by scoring 26 times in 44 matches. 

It is with a lot of emotion and satisfaction that I welcome Kylian Mbappe to the Paris Saint-Germain family, CEO Nasser Al-Khelaifi said.

It was essential for French football that we keep and help develop such a great talent in our championship.

Among players of his age, he is without doubt the most promising in the world due to his immense technical, physical and mental qualities.

Since his emergence at the highest level, he has earned an excellent reputation as a young talent who is very respectful, open, ambitious and already very mature.

Under our colours, in the midst of truly great players, Kylian will continue his progression in a way that will also benefit the French national team in the months and years to come. With his arrival, more than ever, our supporters will have plenty to cheer about.