In this file photo taken on November 09, 2019 Paris Saint-Germain's Argentine forward Mauro Icardi (right) celebrates after scoring a goal during the French L1 football match between Stade Brestois 29 and Paris Saint-Germain in Brest, western France, on Nov 9, 2019. (PHOTO / AFP)

PARIS - French Ligue 1 champions Paris Saint-Germain on Sunday announced the completion of the permanent move of former Inter Milan striker Mauro Icardi for a transfer fee of 50 million euros plus additional bonuses.

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The Argentine forward, who arrived at the Parc des Princes on loan in the summer of 2019, penned a four-year contract which will keep him at the capital-based club until 2024.

"Paris Saint-Germain are pleased to announce the exercise of Mauro Icardi's purchase option. The 27-year-old striker was loaned in 2019-2020 by Inter Milan," an official statement from PSG said.

The Rosario-born Icardi has contributed 20 goals and four assists in 31 appearances in the 2019-2020 season at PSG, which established himself as the second most productive player, behind only French striker Kylian Mbappe.

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The current Ligue 1 season was abandoned on April 30, following the French government's decision to call off all professional sports events until September at the earliest, and PSG was awarded the league title for the third consecutive year.