Paris Saint-Germain on Monday confirmed the signing of Dutch international right-back Gregory Van der Wiel from Ajax on a four-year deal.
The 24-year-old agreed to join the Ligue 1 outfit on Friday, and PSG coach Carlo Ancelotti had admitted on Saturday that a deal for the player was all but done.
Sources close to PSG said that the fee for Van der Wiel will be around 6 million euros ($7.5m), with his salary reaching 300,000 euros ($377,000) per month.
"I am ready for a new challenge. At Ajax I have experienced some marvellous moments but the time for change has come," Van der Wiel was quoted as saying in the Dutch press on Friday.
He will provide competition at right-back for PSG captain and France international Christophe Jallet.
"He is a very good player, I saw him at Euro 2012," Jallet told Canal+ television after Sunday night's 2-1 win at Lille in Ligue 1.
"Mine was the only position not to have two available players, this adds a bit of spice, I will need to be good in training to try and keep my place in the side at the weekend."
Van der Wiel attended the game at Lille, and was introduced to his future teammates by Ancelotti in the dressing room after the match.