Napoli striker Victor Osimhen is on the brink of sealing a blockbuster €120 million (£103m/$129m) move to Paris Saint-Germain (PSG), dealing a significant blow to Premier League heavyweights Chelsea and Arsenal.

Osimhen heralded as one of the most coveted forwards in football currently, has attracted attention from several top clubs, including Chelsea and Arsenal. However, it is PSG who has emerged as the frontrunner in the race for his signature.

Negotiations between Napoli and PSG have reportedly reached an advanced stage, with PSG eager to outmaneuver their English rivals by activating Osimhen’s €120m release clause and offering him a lucrative four-year contract worth €13m (£11m/$14m) annually.

PSG’s interest in Osimhen comes as they seek a replacement for the departing Kylian Mbappe, who is poised to join Real Madrid. The Nigerian striker’s potential move to PSG represents a significant financial windfall for both him and Napoli, with the 25-year-old set to manage his image rights independently and sign lucrative sponsorship deals with Qatari partners associated with the club.

For Chelsea, Osimhen was a primary target to bolster their attacking lineup. However, financial constraints and the need to comply with the Premier League’s Profit & Sustainability Regulations forced them to withdraw from the race, leaving PSG with a clear path to secure the highly sought-after striker.

Osimhen’s imminent move to PSG marks a seismic shift in the football transfer landscape and underscores the French club’s ambition to assemble a formidable squad capable of competing at the highest level in Europe.