Monaco has made Pietro Pellegri the second most expensive 16-year-old in history, signing him from Genoa for an initial fee of €20 million ($24.8 million).

“I am very happy to join Monaco,” Pellegri said. “I was very quickly convinced of the project that allows young people like me to progress and flourish in the future.”

Only Real Madrid has paid more for a 16-year-old when they signed Vinicius Junior from Flamengo last year for £39.6 million.

Pellegri became the joint-youngest player to play in Serie A when he made his debut in December 2016 at the age of 15 years and 280 days.