Atlético Madrid confirmed on Saturday that they have completed the signing of Lee Kang-in from Paris Saint-Germain, ending weeks of speculation and returning the South Korean playmaker to Spain three years after he left La Liga for Ligue 1.

The 25-year-old has signed a contract running through June 2031, according to the club's announcement, and will wear the number 7 shirt at the Metropolitano — a jersey Atlético have traditionally reserved for a player they view as central to their attack.

ONE put the transfer fee at around €40 million, a figure broadly consistent with other reporting on the deal, which was agreed directly between the two clubs rather than through a loan or add-on-heavy structure.

Lee becomes the first South Korean to join one of La Liga's traditional 'big three' — Real Madrid, Barcelona or Atlético — a milestone Korean outlets have been quick to celebrate as a landmark for the country's football.

He leaves Paris on the back of a hugely productive spell: 124 appearances, 16 goals and 16 assists since arriving from Mallorca in the summer of 2023, on top of back-to-back UEFA Champions League titles with PSG.

Before that, Lee came through Valencia's youth academy, making his name in Spain as a teenager before the move to Mallorca and, eventually, the switch to Paris that established him as one of Asian football's most sought-after attacking midfielders.

ONE's report also cited Fabrizio Romano in linking Paris Saint-Germain with a very different kind of midfield addition — an approach for Manchester City's Rodri. The suggestion is that PSG had not planned to prioritise a holding midfielder this window but see Rodri's unresolved contract situation as an opportunity too good to pass up.

That Rodri strand is considerably less settled than the confirmed Lee deal. Much of the recent reporting elsewhere has instead linked Rodri with a return to Spain via Real Madrid, with club president Florentino Pérez said to have taken fresh interest after watching the Spaniard win the 2026 World Cup. Rodri's City contract runs to 2027, and no formal move in either direction has been agreed.

Manchester City, meanwhile, have been busy on other fronts: the club has tied Uzbek defender Abdukodir Khusanov to a new deal through 2031 and is pursuing Chelsea's Pedro Neto, part of a busy window in which Atlético's capture of Lee is, for now, the only one of these stories actually over the line.