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Marco Asensio has decided to join Paris Saint-Germain when his contract with Real Madrid expires this summer.

The 27-year-old has a long-term agreement in place with PSG and is expected to earn €10million (£8.5m) per year between salary and bonuses with the Ligue 1 club.

Asensio’s contract is not yet signed but the move is expected to be finalised after Madrid’s final game of the La Liga season, which comes at the Santiago Bernabeu against Athletic Bilbao on Sunday.

Real Madrid confirmed Asensio’s departure on Saturday, saying: “We will never forget his career and his outstanding conduct during all this time. Real Madrid is and will always be his home, and we wish him and all his family the best of luck in this new chapter in his career.”

The Spain international also attracted strong interest from Premier League club Aston Villa, who were prepared to offer a lucrative alternative but it is the French champions who appear to have won the race for his signature.

Asensio had been in negotiations with Madrid since the start of the year over a new contract and had a proposal on the table to extend his deal before opting against any renewal.

He has been at Madrid for seven years since signing from Mallorca in 2014. He has made 50 appearances for the La Liga side this season, scoring 12 goals and providing eight assists.

During his time in the Spanish capital, Asensio has won 17 major trophies: three Champions Leagues, three La Liga titles, four Club World Cups, three European Super Cups, three Spanish Super Cups and one Copa del Rey.

Why is Asensio leaving Real?

Analysis by Mario Cortegana

Beyond the money, Asensio is set to leave Madrid because of his footballing aspirations. Asensio wants to feel important and, in conversations with Carlo Ancelotti, who wanted him to stay, the player understood that he would not have the importance he wanted. Ancelotti values Asensio’s move, a non-conformist.

Without Asensio and with Mariano Diaz and Karim Benzema also set to leave, Madrid are left with few attackers available: Vinicius Junior, Rodrygo and Federico Valverde, who wants to return to midfield.

Eden Hazard does not count for Ancelotti or the club and wants to run down his contract, as reported by The Athletic and confirmed by the player. Madrid are in talks with Brahim Diaz (who has been on loan at AC Milan for the past three seasons) for a renewal and the 23-year-old Spaniard now has a higher chance to be in the squad next season. The club are also looking at the market for reinforcements.

PSG, meanwhile, will get a player who arrives with career-best numbers, having enjoyed a hugely successful second half of the season. Asensio’s shooting is a strong part of his game but he can be inconsistent and sometimes lack dynamism in his play.

He is a hugely versatile player who can feature almost anywhere across the frontline or as an attacking midfielder, although he has most often been used on the right wing for Madrid.

Asensio has produced a number of stunning goals from distance during his time in the Spanish capital and his return of 12 goals in all competitions this season is impressive for someone who has been a rotational option. But there will still be a sense of what might have been for Madrid fans given how highly rated he was when he first joined from Mallorca in 2014.

(Photo: Getty Images)



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