Paris Saint Germain's 10 most expensive transfers of all time

Cameron Smith

• 27 Sep 2025 02:00 CDT
• 6 min read

Analysis

Paris Saint-Germain have established themselves as major players in Europe over the last decade, largely thanks to their enormous transfer spending.

PSG boast one of the biggest net spends in world football since the arrival of owner Nasser Al-Khelaifi in 2011 and their immense investment finally culminated in an elusive Champions League triumph in 2025 following a stellar season under Luis Enrique.

Below, FootballTransfers runs through the 10 most expensive PSG signings in history.

10. Manuel Ugarte - £52m ($70.9m) (from Sporting, 2023)

Manuel Ugarte became one of PSG's most expensive signings in history when he swapped the green and white of Sporting CP for life in the French capital during the 2023 summer transfer window.

The Portuguese midfielder had been tipped to join Chelsea instead, but reports emerged that PSG were willing to pay Ugarte higher wages, and the Uruguayan duly signed for the Parisians on 7 July.

However, he struggled during his one and only year at PSG, with Luis Enrique preferring ball-players rather than destroyers in midfield. Ugarte was then sold to Manchester United for £43m in 2024.

9. Ilya Zabarnyi - £54.6m ($74.4m) (from Bournemouth, 2025)

Bournemouth’s backline was dismantled in 2025, with Milos Kerkez, Dean Huijsen and Ilya Zabarnyi all leaving the club following a stellar campaign under Andoni Iraola.

Despite interest from several Premier League clubs, Zabarnyi joined PSG for €63m and he became the most expensive centre-back to ever join a Ligue 1 club in the process.

The Ukrainian made a total of 86 first-team appearances during a successful stint at Bournemouth and he arrived in France as a possible long-term successor to PSG legend Marquinhos.

8. Angel Di Maria - £54.6m ($74.4m) (from Man Utd, 2015)

An expensive flop at Man Utd, PSG swooped in to take advantage of Angel Di Maria’s unhappiness in the Premier League by snapping him up just over 12 months after he had played a vital role in helping Real Madrid win the Champions League.

While Man Utd failed to get the best out of Di Maria, PSG succeeded, and the Argentine became one of their most consistently effective players over the course of his stay at the club.

Approaching the twilight of his career, Di Maria joined Juventus in 2022, before returning to Benfica. In total, he made 295 appearances for PSG, scoring 92 goals and winning 15 trophies.

7. Edinson Cavani - £56m ($76.3m) (from Napoli, 2013)

When PSG signed Edinson Cavani, he was regarded as one of the deadliest strikers in Europe, and he arrived in response to Monaco’s capture of Radamel Falcao from Atletico Madrid.

However, Cavani’s potential wasn’t fully exploited in Paris as he was often deployed as a left winger, with Zlatan Ibrahimovic taking centre stage as the club’s preferred striker.

Despite this, he briefly became PSG’s all-time record goalscorer with 200 strikes in 301 appearances, before being eclipsed by Kylian Mbappe, and he remains one of the club’s best ever players.

6. Goncalo Ramos - £56m ($76.3m) (from Benfica, 2023)

PSG splashed the cash on Benfica star Goncalo Ramos in the summer of 2023 as they searched for a new goalscoring attacker following the departures of both Lionel Messi and Neymar.

Ramos had emerged as one of the most exciting young strikers in Europe during his time at Benfica and he notably scored 27 goals across all competitions during his final season at the club.

However, he only registered 14 goals in his debut campaign at PSG, and Ousmane Dembele took his starting place during his second season.

5. Achraf Hakimi - £59m ($80.4m) (from Inter, 2021)

Despite the financial impact of the COVID-19 pandemic hitting most of Europe hard, PSG powered on with marquee signings and they signed Inter Milan superstar Achraf Hakimi from for £59m in 2021.

Following a stellar loan spell at Borussia Dortmund, the Morocco defender played a pivotal role in Inter’s first Serie A triumph in over 10 years during his only season at the club - notching 17 goal contributions in the Italian top flight.

Hakimi then arrived at PSG as one of the most highly-rated defenders in world football, and he helped the French giants win the Champions League for the first time in their history in 2024-25.

4. Khvicha Kvaratskhelia - $60m ($81.8m) (from Napoli, 2025)

PSG made one of the biggest signings of the 2025 January transfer window when they pulled off an exciting deal to sign Khvicha Kvaratskhelia from Napoli.

The Georgian winger had enjoyed a meteoric rise to stardom since his arrival in Serie A and he guided Napoli to their first Scudetto triumph since 1990 during his debut season at the club.

However, Napoli finished 10th during Kvaratskhelia’s second campaign and the Italian outfit reluctantly opted to sell their talisman in January 2025, with his contract winding down. He played a key role in PSG’s aforementioned Champions League victory, despite only arriving mid-season.

3. Randal Kolo Muani - £82.3m ($112.2m) (from Eintracht Frankfurt, 2023)

Just one year after joining Eintracht Frankfurt on a free transfer from Nantes, Randal Kolo Muani signed for PSG for a whopping £82.3m after an impressive campaign in Germany.

The Frenchman scored 23 goals and provided 17 assists during his sole season at Frankfurt, while he also established himself as a regular in the France international set-up after impressing at the Qatar World Cup.

Despite this, his first season at PSG was a difficult one and he was sent on loan to Juventus in January 2025 after falling out of favour under Luis Enrique. Kolo Muani then joined Tottenham Hotspur on another loan deal six months later.

2. Kylian Mbappe - £156m ($212.8m) (from Monaco, 2018)

Kylian Mbappe initially arrived at PSG in 2017 on a season-long loan deal from Monaco, but the deal was structured in such a way that it would become permanent for £156m if the French giants avoided relegation.

Mbappe subsequently became the most expensive teenager in football history in 2018 and he soon established himself as a global superstar at the Parc des Princes.

He scored an incredible 256 goals in 308 games for PSG, becoming their all-time top goalscorer in the process, and he won 15 trophies across seven seasons at the club. After a lengthy transfer saga, Mbappe left PSG to join Real Madrid on a free transfer in 2024.

1. Neymar - £192.5m ($262.5m) (from Barcelona, 2017)

The transfer that shook the world. Nobody thought a deal of such magnitude was possible, but Neymar moved to PSG for £192.5m in 2017, with the Ligue 1 side matching the minimum fee release clause in his Barcelona contract.

He became the most expensive footballer ever and he notched just shy of 200 goal contributions in 173 games for the Parisians.

However, injury problems curtailed Neymar’s career at PSG and this was ultimately the reason why he failed to win the Champions League or the Ballon d’Or during his time at the club. He was sold to Al-Hilal for £78m in 2023.