Paris St. Germain has signed Brazilian Neymar in a world record fee from Barcelona after triggering his release clause on Thursday.
Neymar, 25, had a release clause of 222m euros (£198m) and Barcelona indicated to PSG they must pay in full the amount if they are to secure the services of the Brazilian.
PSG after its meeting on Thursday with Barcelona has paid a world record fee of 222m euros (£198m) for Neymar and has signed a five year deal with the club.
The fee paid for Neymar means he is the world most expensive footballer surpassing the record held by Paul Pogba when Manchester United used £89m to acquire his services last season.
Neymar with this deal will earn 45m euros (£40.7m) a year- 865,000 euros (£782,000) a week- before tax from the initial five-year deal, a total outlay of £400m.
After signing for PSG, Neymar indicated; “I have joined one of the most ambitious clubs in Europe”.
“Paris St. Germain’s ambition attracted me to the club, along with the passion and the energy this brings,” he added.
“I feel ready to take the challenge. From today, I will do everything I can to help my new team-mates”, he continued.
PSG has outlined plans to unveil the Brazilian to its fans; with a presser arranged at 11:30GMT on Friday and the official unveiling of Neymar on Saturday at the Parc de Princes.