Paris Saint-Germain has agreed upon a loan deal with Monaco for Kylian Mbappe that contains an option to complete the deal permanently in 2018 for €180 million ($214.5 million).

The structure of the deal allows PSG to circumvent financial fair play rules.

“It is with great joy and pride that I join Paris Saint-Germain,” Mbappé told PSG’s website. “For any young person from the Paris region it is often a dream to wear the red and blue jersey and experience the unique atmosphere of the Parc des Princes. I really wanted to be a part of the club’s project, which is one of the most ambitious in Europe. Alongside my new team-mates, I intend to continue my progression while helping the team achieve the very big objectives it has set itself.”

PSG were fined for breaking FFP rules in 2014 after a sponsorship deal, arranged with Qatar’s tourist body, was deemed to have been of insufficient value to match the £167 million PSG received for it.