PSG win the race! Corinthians president confirms starlet Gabriel Moscardo is heading to Paris as midfielder rejects Chelsea's advances

The Ligue 1 champions have won the race against Premier League giants Chelsea to secure the signature of Brazilian midfield wonderkid Gabriel Moscardo as confirmed by the player's current club Corinthians' president Augusto Melo.

Speaking to Radio Bandeirantes, Melo said, "Unfortunately, the cycle has come to an end, his mind is elsewhere, we gave him the freedom to choose, may he be happy. He’s heading to Paris."

The Blues were keen on adding the talented midfielder to their roster in the upcoming transfer window and had reportedly offered €20m (£17m/$22m) which was rejected by the Brazilian club. PSG later came up with a bid of €25m (£21m/$27) which sealed the deal in their favour.

The 18-year-old enjoyed a meteoric rise at Timao as he made it to their first team in just five years since signing for the club's academy.

He is currently enjoying a much-needed break after a busy Brazilian season. The player was recently pictured holidaying in Paris with his girlfriend Julia Silvestre during his European trip.