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[VIDEO] Mauro Icardi officially signed with PSG for €50 million euros

Mauro Icardi has joined Paris Saint-Germain on a permanent deal worth €50 million euros.

The 27-year-old Argentine joined PSG from Inter on loan to buy option last year, and he decided to remain in Paris after agreeing to a four-year contract that will run until 2024.

ESPN reported the deal is worth €50 million euros plus €7m euros in potential add-ons, which is less than the €70m release clause included in the loan agreement.

Inter possibly accepted the lower offer from PSG due to current situation with the COVID-19 pandemic.

“The club thanks the player for the six seasons he spent with us and wishes him the best for his future professional career,” Inter official statement said.

After falling out with Inter coach Antonio Conte, Icardi left for PSG and subsequently made his mark this season, scoring 20 goals and provided 4 assists in just 31 games in all competitions, helping PSG to win the Ligue 1 for the 9th time in history.

PSG had a 12 point lead over nearest rivals Marseille before the league was abruptly cancelled by the league authorities.

Icardi is seen as the successor for PSG all-time top scorer, Edinson Cavani whose contract expires on June 30.