Transfer: PSG signs Chelsea target, Ugarte

Paris Saint-Germain have signed Uruguayan midfielder, Manuel Ugarte from Portuguese side, Sporting CP.

The 22-year-old was on Premier League giants, Chelsea’s radar before the Blues backed down from the race for his signature.

PSG paid Ugarte’s release clause of €60 million to sign the midfielder.

He will earn €3 million per annum in Paris.

“Paris Saint-Germain is delighted to welcome Manuel Ugarte to its professional squad from the 2023-2024 season. The Uruguayan midfielder, who will wear the number 4, is linked to the Parisian club until June 30, 2028,” the club said in a statement released on Friday.

Ugarte is PSG’s third signing this summer after Milan Škriniar, and Marco Asensio.