**PSG Signs Argentina Midfielder for $50M in January Transfer Window**
Paris Saint-Germain (PSG) has inked a new contract with Argentine midfielder Juan Cuadrado on Wednesday, signing the 27-year-old for a reported fee of $50 million (£39 million).
Cuadrado, who made his debut for Argentina at the 2018 World Cup, joins PSG from River Plate, where he had spent four seasons as the club's star player. The transfer represents a significant investment for the French giants and is expected to bolster their midfield depth.
The deal comes at a time when PSG is looking to strengthen its squad ahead of the upcoming season, which begins in September. Cuadrado's versatility, technical skill, and experience will be valuable assets for the team's attacking line.
PSG president Nasser Al-Khelaifi was quoted as saying, "We are delighted to welcome Juan Cuadrado to our family. He is a world-class midfielder with a proven track record of success both domestically and internationally."
In addition to Cuadrado, PSG also signed forward Kylian Mbappe from Monaco for £360 million earlier this month. This move solidifies the team's position as one of the most formidable in Europe, capable of challenging for titles in all competitions.
As PSG prepares to embark on another season of competition, they continue to build upon their impressive roster. The signings of Cuadrado and Mbappe are just the latest additions to what promises to be a strong squad for the coming campaign.