PSG Beat Premier League Duo to January Signing of Wantaway Wolfsburg Star

Arsenal and Liverpool have missed out on target Julian Draxler after Wolfsburg confirmed he is set to join Paris St-Germain in January.

The Bundesliga side announced the news on their ​official site on Saturday, and stated that the 23-year-old will join the Ligue 1 champions on a four-and-a-half year contract, subject to passing a medical.

Draxler was photographed holding PSG’s home jersey following the announcement and, though no official transfer fee has been released, the ​Sun claims that PSG will pay around £38m for the attacking midfielder.

Wolfsburg’s sporting director, Olaf Rebbe, revealed the quick nature with which a deal had been struck between the two clubs after the announcement had been made.

He said: “We’ve had some very intense but constructive discussions with Paris Saint-Germain, Julian Draxler and his management over the past few days and we’re confident to have reached a satisfactory conclusion for all parties.”

Valerian Ismael, current head coach of Wolfsburg, also expressed his sadness over seeing Draxler call time on his career at the Volkswagen Arena.

He added: “Of course I’m sad to see Julian go, because he’s an outstanding footballer. He gave everything in the recent matches against Frankfurt and Gladbach and once again showed how much this club meant to him. I hope his move to France provides him with a fresh challenge.”

Draxler had been a long-term target of Arsenal’s stretching all the way back to the summer window, while Liverpool had reportedly hoped to prise the Germany international away from Wolfsburg after monitoring his situation over recent months.

The Premier League duo have now been beaten to the punch, though, with Unai Emery’s side set to welcome Draxler to the Parc de Princes when the winter transfer window opens in a week’s time.

Borussia Moenchengladbach v VfL Wolfsburg - Bundesliga

Draxler only joined Wolfsburg from Bundesliga rivals Schalke in a £31m move in August 2015. He featured 31 times during his maiden campaign with the club, scoring eight goals and laying on seven assists for his team-mates.

The 23-times capped international sparked controversy in August when he revealed that Wolfsburg were preventing him from leaving against his wishes, citing that the club had ​”known for three weeks” of his desire to depart, with Arsenal touted as a potential destination. Despite that outburst, Draxler played 14 times for Wolfsburg this season, but was left out of the squad for the 5-0 defeat to Bayern Munich earlier in December – a move that led to speculation over his future with the German outfit.

PSG currently lie third in the French top flight, five points off pace setters Nice as the enforced winter break takes effect on the continent.