Paris St.Germain have officially announced the signing of Brazilian international Neymar for a world record fee of around £200 million from Barcelona. The 25-year-old has signed a five year deal with the French Ligue One side keeping him in the French capital until June 2022.

The deal for the Brazilian captain blows the previous record of £89 million paid to Juventus by Manchester United for Paul Pogba in August 2016.

Neymar will earn around £40 million a year - worth £782,000 a week - before tax.

After the announcement, a delighted Neymar said: "I am extremely happy to join Paris Saint-Germain. Since I arrived in Europe, the club has always been one of the most competitive and most ambitious. And the biggest challenge, what most motivated me to join my new teammates is to help the club to conquer the titles that their fans want.

"Paris Saint-Germain’s ambition attracted me to the club, along with the passion and the energy this brings.

"I played four seasons in Europe and I feel ready to take the challenge. From today, I will do everything I can to help my new team mates, to open up new horizons for my club and to bring happiness to its millions of supporters around the world."

Nasser Al-Khelaifi, President of Paris Saint-Germain, added: “It is with immense joy and pride that we welcome Neymar Jr to Paris Saint-Germain. Neymar Jr is today one of the very best players in world football.

"His winning mentality, strength of character and sense of leadership have made him into a great player. He will bring a very positive energy to this club.

"In six years, we have built a very ambitious project that has already taken us to the highest level of national and European football.

"Today, with the arrival of Neymar Jr, I am convinced that we will come even closer, with the support of our faithful fans, to realising our greatest dreams.”

Neymar joined Barcelona in June 2013 for £71.5 million and scored 68 goals in his four seasons at the Nou Camp.