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PSG sign Brazilian wonderkid Gabriel Moscardo from Corinthians for £17m after beating Chelsea, Arsenal and Liverpool to his signature... as 18-year-old signs contract until 2028 and goes back on loan to former club

PSG have signed Gabriel Moscardo from Corinthians for £17million, beating a number of top European sides to snap him up after triggering his release clause.

The midfielder, 18, has signed a contract until 2028 and will go back on loan to Corinthians in Brazil until the end of the season.

Liverpool, Arsenal, Chelsea, and even Barcelona had shown interest in the youngster, who has been capped for Brazil's U23 side.

'I’m very happy to be joining Paris Saint-Germain. This is one of the best days of my life,' he said.