Paris St Germain have signed Brazilian teenager Gabriel Moscardo from Corinthians for an initial £17million.

The 18-year-old midfielder has put pen to paper on deal which ties him to the French champions until 2028 but will return to Corinthians on loan for the remainder of this season.

Corinthians announced on their official website that PSG would pay an initial 20 million euros (£17m) for their home-grown player, with a possible extra two million euros in performance-related bonuses.

Moscardo, a Brazil Under-23 international, said on his new club’s website: “I’m very happy to be joining Paris St Germain; this is one of the best days of my life.

“It’s a project with some talented young players in it. 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.”