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

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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. 

The deal includes around £1.7m in potential add-ons.  

PSG have unveiled the signing of Gabriel Moscardo, 18, from Corinthians for £17million 

The midfielder had attracted interest from Liverpool, Arsenal, Chelsea, ad Barcelona

Moscardo has accumulated experience in Brazil's Serie A and South America's continental competitions with Corinthians. 

His signing was initially put on hold as medical tests revealed a foot fracture. 

Prior reports suggested Chelsea were leading the race for him but PSG appeared to move into pole position in December. 

Moscardo added: 'I'm looking forward to joining up with the squad and to meeting the team and the coaching staff, and I hope to win many trophies with Les Rouge et Bleu and to make the fans happy.'

PSG are first in Ligue 1 after a pick-up in form and are eight points clear of Nice, ther nearest challenger. 

Luis Enrique's side are unbeaten in 12 games and scraped into the last 16 of the Champions League after draws with Newcastle and Borussia Dortmund to end the group stage.