"Paris Saint-Germain is delighted to announce the immediate arrival of Kylian Mbappe".
But the most eye-catching deal of the day saw 18-year-old Mbappe join PSG on a season-long loan less than a month after the club rocked world football by signing Brazilian superstar Neymar in a world record 222 million euro ($264 million) deal.
PSG will have an option to make his loan move permanent next summer and should they decide to activate it, then Mbappe will be at the club until 2022.
European football's governing body said it would look at whether PSG had violated its Financial Fair Play (FFP) rules.
"In the coming months, the Investigatory Chamber of the UEFAClub Financial Control Body will regularly meet in order to carefully evaluate all documentation pertaining to this case".
"The club is surprised [due to] the fact that it has constantly kept the UEFA Financial Fair Play teams informed of the impact of all player operations carried out this summer [and] were obliged to do so".
UEFA will not give any further comments on this matter as the investigation is now ongoing.
Kylian Mbappe expresses his excitement about joining PSG and admits he has a lot to learn at the club.
Brendan Rodgers, who manages Celtic - drawn in the same group as PSG in the Champions League, was more emphatic.
PSG president Nasser Al-Khelaifi hailed Mbappe, who burst onto the scene in the second half of last season with 15 goals in 29 appearances in Monaco's run to the French title, as a star of the future.
"I really wanted to be a part of the club's project, which is one of the most ambitious in Europe". The committee will also be able to examine the means of funding the Mbappé signing, following reports that PSG will use an initial loan period, which will delay the actual payment to Monaco until the following financial year.
Paris Saint-Germain smashed the world record fee set by Paul Pogba's move from Juventus to Manchester United past year by triggering Neymar's €220 million release clause at Barcelona.
FFP rules now stipulate that clubs can not post losses of more than 30 million euros over the three-year period to 2018, although PSG are hoping the initial loan move will help prevent them from falling fall of the regulations.
"Among players of his age, he is without doubt the most promising in the world due to his enormous technical, physical and mental qualities", PSG president Nasser Al-Khelaifi said.
PSG, owned by the Qatar sovereign wealth fund QSI, has form for breaching FFP rules, having accepted a €60m reduction of prize money and a reduction in squad size in May 2014, after a previous Uefa investigation.
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Princes William and Harry have viewed tributes left at Kensington Palace's gates on the 20th anniversary of their mother's death. Across Britain, people are marking the 20th anniversary of the Paris vehicle crash which claimed the life of Princess Diana .
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Odion Ighalo opened the scoring for the Eagles before Mikel made it 2-0 close to the end of the first half. The Cameroonians came out blazing in the second half, substitute Choupo-Moting leading the charge.
Historic flooding caused by Harvey knocked one-fifth of the nation's refining capacity offline, according to S&P Global Platts. That includes the biggest USA refinery, Motiva's Port Arthur facility, which can handle more than 600,000 barrels a day.
Tillerson and Lavrov are due to meet in September on the sidelines of the United Nations General Assembly in New York City. The White House did not immediately respond to a request for comment on the decision.
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France's President Emmanuel Macron said Tuesday he will visit Israel next year amid a new French peace push in the Middle East. Mr Macron argues the measures are needed to introduce greater flexibility in France's rigid labour law to encourage hiring.