Paris Saint Germain have completed the loan signing of Kylian Mbappe from Monaco, which will become a permanent deal next summer.

The deal will become permanent next summer for £166million and will be the second largest in history, only eclipsed by PSG’s signing of Neymar for £200million earlier this summer.

“I really wanted to be a part of the club’s project, which is one of the most ambitious in Europe,” said Mbappe, who hails from PSG and rejected interest from Spain and England to move to the French capital.

PSG have decided to do a loan deal now in order to try and facilitate Financial Fair Play rules.

Nasser Al-Khelaifi, president of PSG, added: “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.”

Bookmakers across the board have hardened up PSG’s place in the Champions League betting and in some places they are now second favourites.

Steve Freeth of bet365 told us: “The Champions League liabilities have been racking up on the big spending Parisians, 16/1 into 13/2.”