PSG Officially Announce €60M Signing of Manuel Ugarte From Sporting Lisbon

French Ligue 1 Champions, PSG have announced the signing of Manuel Ugarte from Portuguese club, Sporting Lisbon for €60 Million.

PSG beats off competition from Chelsea to capture the highly-rated Uruguayan Midfielder and finally unveils their man to the press conference as they continue their summer rebuild.

Ugarte is PSG’s third new recruit this summer after they signed centre back Milan Skriniar and forward Marco Asensio on free transfers from Inter Milan and Real Madrid, respectively.

The club also sacked manager Christophe Galtier on Wednesday and replaced him with former Barcelona and Spain coach Luis Enrique.

“I’m really happy to take this big step in my career at such a great club,” Ugarte said in a statement. “I’m going to give my all for Paris Saint-Germain.” Said Ugarte at his unveiling ceremony.

The 22-year-old was called up for the World Cup in Qatar last year and has eight caps for Uruguay.

He made his first-team debut for hometown club CA Fenix at the age of 15, Ugarte moved to Portugal to play for Famalicao before being snapped up by Sporting.