The young planet is called TW Hydrae b and "is still linked to the dusty disk surrounding its parent star," the Max Planck Institute told DPA news agency just before of publication of the discovery in the British science journal Nature.

Scientists say the giant planet has a mass 10 times greater than that of Jupiter, the largest planet in the solar system. It orbits its mother star every 3.65 days.

A mere 10 million years old

Jupiter and its four large moons

The astronomers believe the new planetary system is only around 10 million years old, which is only about 0.2 percent of the age of the solar system. The Earth is believed to be about 4.5 billion years old, and the Sun around 100 million years older.

Planets are said to take shape within disks of dust and gas surrounding newly born stars. By researching planets, scientists can glean information about how their planetary systems were formed.

The young planet orbiting the young star provides observational evidence to the long-held theory that planets form within the first 10 million years of a parent star's life, according to the study. Until the recent finding, all of the 250-plus planets discovered outside our solar system have been found around stars 100 million years of age or more.

The research team, led by Johny Setiawan, estimated that the mother star is between 8 million and 10 million years old, which makes the newborn extrasolar planet even younger. The planet is still linked to the dusty disk of dust and gas, the raw materials which make a solar system.

These so-called protoplanetary disks have lived up to their name, Setiawan said.

"It is very exciting to know that things we called protoplanetary disks are indeed protoplanetary," he said. "They form planets."