French giants Paris Saint-Germain have confirmed their first signing of the January transfer window for a fee believed to be R614 million.
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The Ligue 1 side have announced the transfer of Germany international Julian Draxler, who signed a four-and-a-half year contract that will run until June 2021.
"It is with great joy and anticipation that I join Paris Saint-Germain," Draxler told PSG's official website.
"For the first time in my career, I'm going to discover a new country, a new league, and I'm very proud to take this new step at a club which has become a benchmark in Europe and has signed a lot of great players in recent years.
"I will do everything to help PSG win new trophies and continue to grow internationally."
Draxler joined PSG for a massive €42 million (R614 million), according to Transfermarkt, and the French side's chairman Nasser Al-Khelaifi explained that the signing is a statement of intent by his club.
"I am delighted to welcome Julian Draxler to the Paris Saint-Germain family," the chairman said.
"The transfer of this highly sought-after Germany international reconfirms just how attractive our club is to the world's most talented players.
"He has all the qualities to play a major role in the club's project and become a fan favourite.
"With the signature of Julian Draxler, we are maintaining PSG's extremely high ambitions, where all our supporters want us to see their club succeed."
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Draxler, who made 153 Bundesliga appearances for Schalke and Wolfsburg, is not cup-tied and can therefore feature for PSG in the UEFA Champions League this season.
Do you think Draxler is a good signing for PSG? Have your say in the comments section below.