French striker Kevin Gameiro - a reported target for Arsenal and Tottenham - has signed for Paris Saint-Germain.
The 24-year-old moves to the Parc des Princes from Lorient for a fee of €11 million after an impressive season in Ligue 1 saw him net 20 times in 36 appearances.
After the completion of the transfer, Gameiro told L'Equipe: "They are aiming for the UEFA Champions League for next season. That ambition attracted me. I really believe they want to build the biggest club in France.
"Paris already had a very good team last term. Adding some new players, it should increase ambitions. Paris will be able to aim higher. Why not the title?"
It had been claimed that both Arsenal and Spurs had been monitoring the France international with genuine interest, but must now look elsewhere for goalscoring reinforcements.
The north London rivals have also both been linked with a swoop for Real Madrid hotshot Gonzalo Higuain, while free-scoring Porto star Falcao has revealed he would be interested in joining Arsenal or Spurs.
"I prefer not to read the press but I know I have been linked with Real Madrid and big English clubs like Arsenal and Tottenham," said the 25-year-old.
"In Europe there are big leagues and I am at a moment of my career when I would like to experience it."
Meanwhile, Spurs have also been linked with a swoop for wantaway Arsenal forward Nicklas Bendtner.