PSG announced the signing of Manuel Ugarte from Sporting adding him to the first-team squad of Paris Saint-Germain for the upcoming 2023/24 season. The Uruguay international has signed a five-year contract, securing his place in Paris until June 30, 2028.
Ugarte becomes PSG's third (official) signing of the season, following Milan Skriniar and Marco Asensio, who both arrived on a free and were announced earlier this week along with new head coach Luis Enrique.
Despite initial interest from Chelsea and Sporting's attempts to steer him towards the London club, Ugarte ultimately signed with PSG for a fee up to €60m, which was set by a release clause present in his contract.
The 22-year-old midfielder is reportedly going to earn an annual salary of €5m, on par with the likes of Nordi Mukiele and Fabian Ruiz.
Ugarte's arrival will bolster PSG's midfield with his defensive prowess, technical abilities, and combative style of play. He proved to be a key figure under Ruben Amorim at Sporting this season and Luis Enrique could very well use him in his starting XI from the start of the season.
Ugarte's journey began in Montevideo, his hometown, where he honed his skills at the CA Fenix Academy. He made his first-team debut aged just 15 in December 2016.
Ugarte then moved to Europe and joined Portugal's FC Famalicao in late 2020. In just seven months and 27 games, Ugarte showcased his immense potential, capturing the attention of Sporting CP.
Sporting CP secured his services and in August 2021, Ugarte made his debut for the Lisbon club. Shortly after that, he earned his first senior international cap for Uruguay in a win against Bolivia.
Ugarte was part of the Uruguayan squad for the 2022 World Cup in Qatar, his latest professional achievement.
Manuel Ugarte told PSG's media that "I am sincerely very happy to be able to take this big step in my career, in such a big club. I'm going to give my all for Paris Saint-Germain."