According to reports, the formalities of the deal could be completed later this week.
Neymar’s decision will come as a major boost to the newly appointed Paris Saint-Germain manager Mauricio Pochettino who will be hoping to put together a winning side in the coming years.
The likes of Neymar and Mbappe have been linked with a move away from the French club in the recent months and it will be interesting to see if PSG can convince Mbappe to commit his long term future to the club now.
Neymar has been heavily linked with Barcelona but it seems that PSG have convinced him that the French club is the right place for him to further his career.
The French outfit will be looking to win the Champions League and keeping players like Neymar will be crucial to their ambitions.
The Brazilian is undoubtedly one of the best players to have played for the French outfit and he has been irreplaceable for them since his move from Barcelona.
Losing him at the end of this season would have been disastrous for Paris Saint-Germain and the fans will be delighted that he has chosen to commit his long term future to their cause.
Meanwhile, Mbappe has been linked with the likes of Real Madrid and Liverpool in the recent weeks and it will be interesting to see where he ends up.