• Brazil right-back agrees lucrative two-year deal with PSG • City also had agreement in principle with the 34-year-old

Dani Alves has signed for Paris Saint-Germain on a two-year deal – news that will dismay Pep Guardiola, who had made the Brazil full-back his main target for Manchester City’s right-back position and had an agreement in principle with the 34-year-old.

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PSG were able to convince the Juventus and former Barcelona defender to join them and offered significantly more money than City – £230,000-a-week rather than the Premier League club’s offer of around £120,000. The deal was confirmed at a press conference in Paris on Wednesday.

Alves said he was sorry if he had upset Guardiola. “There was not only interest from Manchester City but from other English clubs,” he said, in quotes carried by L’Équipe. “I have often said the Premier League intrigues me a lot and there is a very interesting project there, too. I did speak with City officials.

“But I have friends here [in Paris] and my wife loves this city. I was a little bit selfish when I went to Juve, I didn’t listen to my wife or friends. This time, I tried to be less selfish and to please everyone. I believe in happiness - that’s why I made the decision to come here. If Guardiola feels wronged, I apologise.”

The development is a significant blow to Guardiola not only because of Alves’s ability on the pitch but also because of his leadership off it. Alves and Guardiola worked together at Barcelona for four years and the manager knows the positive impact the player can have on team-mates.

Alves won 23 trophies at Barcelona – with three European Cups and six La Liga titles. He was one of Guardiola’s first signings, arriving from Sevilla in 2008, and recently described his former manager as a “genius”.

He joined Juventus last summer after eight years at Barcelona and contributed significantly to the team’s progress to the Champions League final, where they lost to Real Madrid. In the 4-1 aggregate semi-final win against Monaco Alves created three of Juventus’ four goals and scored the other.

Guardiola was particularly keen to sign him as City have lost a lot of experience by releasing several players, including three full-backs in Pablo Zabaleta, Gaël Clichy and Bacary Sagna.

City will now have to consider whether they will go back to Tottenham Hotspur to see whether they can reach a deal to sign Kyle Walker. Spurs, however, are holding out for £50m for the England full-back.

Guardiola has already added Monaco’s attacking midfielder Bernardo Silva (£43.6m) and the Benfica goalkeeper Ederson (£34.9m) to his squad.