The Lombard club announced in a statement, "AC Milan has signed Gonçalo Matias Ramos from Paris Saint-Germain. The Portuguese forward has signed a contract that will last until 30 June 2031.
A source close to the negotiations put the transfer's value at around €74 million, with add-ons potentially pushing it as high as €90 million. The two clubs are understood to have struck the deal late last week.