Paris St-Germain have signed Brazil forward Neymar for a world record fee of 222m euros (£200m) from Barcelona.

The deal for the 25-year-old smashes the previous record set when Paul Pogba returned to Manchester United from Juventus for £89m in August 2016.

He will earn 45m euros (£40.7m) a year – 865,000 euros (£782,000) a week – before tax from the initial five-year deal, a total outlay of £400m.

Neymar said he has joined “one of the most ambitious clubs in Europe”.

“Paris St-Germain’s ambition attracted me to the club, along with the passion and the energy this brings,” he added.

“I feel ready to take the challenge. From today, I will do everything I can to help my new team-mates.”

The French side will have arranged a news conference for 12:30 BST on Friday. Neymar will then be introduced to fans on Saturday at PSG’s first game of the season against Amiens at Parc des Princes.

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