Atletico complete Lee signing from PSG

South Korea international Kang-In Lee has joined Atletico Madrid from European champions Paris Saint-Germain, the Spanish club announced Saturday.

"Atletico de Madrid and Paris Saint-Germain have reached an agreement for the transfer of Kang-In Lee, who has signed for our club until June 30, 2031," said the Spanish club.

"A talented left-footed midfielder, the 25-year-old can operate in the attacking midfield role or from either wing, and stands out for his vision, exquisite ball control and ability to pass and shoot," said his new club.

The clubs did not reveal the fee, but a source close to the negotiations told AFP that it was around 40 million euros ($45.5 million), excluding bonuses.

PSG "warmly" thanked the player who arrived from Valencia in 2023.

He scored 16 goals in 124 appearances for PSG and collected 12 trophies, but had limited playing time under Luis Enrique and suffered a thigh injury in January.

He was an unused substitute as PSG won the last two Champions League finals.

He is Atletico's third summer signing, following Danish midfielder Morten Hjulmand and Spanish full-back Alejandro Grimaldo. Meanwhile club stalwart Antoine Griezmann has left for Orlando City in Major League Soccer.

Lee made the last of his 50 international appearances during the World Cup as South Korea were knocked out in the group stage.

PSG have also sold fellow attacker Goncalo Ramos to AC Milan and sources have told AFP the two-time European champions are holding talks with Monaco's Maghnes Akliouche and RB Leipzig's Yan Diomande.