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Editor’s note: Parts of this article were originally published here in June 2023.


Neymar’s transfer to Paris Saint-Germain for €222million (now £190m; $242m) in 2017 made him the most expensive player in history.

Later, Lionel Messi and Kylian Mbappe joined him at Parc des Princes to form a formidable front line.

However, much has changed since then. Messi has left for Inter Miami in MLS and Mbappe’s future is up in the air.

Speaking to Brazilian outlet PL Brasil on Monday night, Neymar’s father denied reports that his son had met PSG president Nasser Al-Khelaifi to declare his intention to leave the club.

While no developments are imminent, Neymar’s future does remain uncertain. Here is why the situation is complicated…


Why might Neymar leave PSG?

The situation with Mbappe, and the exit of Messi, seems to spell the end of an era at PSG where star names were at the forefront. The club is now looking to begin a new era, one that places greater importance on younger players and team identity while leaving player power and individualism to the past. Neymar, as one of those big star names, is not necessarily an easy fit into that vision.

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Financially, removing Neymar’s contract from their books would be profitable for PSG and help with their financial fair play (FFP) considerations. On top of getting rid of his wages, PSG would ideally want a fee for the forward. But even though Messi has already left, there is no doubt the club could do with easing their financial concerns by Neymar also moving on. Especially with the ongoing contract situation with Mbappe.

There have been other issues. In May, supporters gathered outside of his home near Paris to protest, in a move that deeply impacted Neymar. His relationship with fans has not always been warm but this marked a new departure. It is thought that Neymar would be open to leaving the club.

Kylian Mbappe (Photo: Tim Clayton/Corbis via Getty Images)

At PSG, Neymar has not avoided off-field issues. He has been involved in disagreements with players and staff, notably having a dressing-room altercation with Luis Campos, the club’s consultant sporting adviser, last season. He has also had disagreements with Edinson Cavani and Mbappe in the past.

Injuries have also proven problematic. Over six years, Neymar has played less than 55 per cent of possible matches for PSG. That is more than 100 matches missed. He has just returned to full fitness after ankle surgery in February.

There have also been off-field distractions that have contributed to the disillusionment around Neymar’s commitment and also a feeling that it undermines the club.

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Why might he stay?

Despite the issues above, Neymar has still performed for PSG when he has been fit. In nearly every season in Paris, he has managed more goals and assists combined than the number of appearances he has made. He has also previously intimated he wants to see out his career at PSG.

Saving on Neymar’s salary would be an advantage for PSG, but its cost obviously could prove an issue for potential suitors. A lack of options alone suggests it is much more likely the Brazilian stays put than moves on.

Luis Enrique (Photo: Antonio Borga/Eurasia Sport Images/Getty Images)

Furthermore, the club’s contract stand-off with Mbappe only increases in intensity as the summer continues, and this means Neymar may end up as the last star name standing. This could be an attractive proposition for the player, and financially if Mbappe were to move then FFP considerations at PSG would be considerably lessened.

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Luis Enrique has also been appointed as Galtier’s successor at PSG and while he and Neymar had the odd dip in their relationship at times in Barcelona, his arrival offered an opportunity. “The truth is that he has a very good relationship with Luis and very good memories of his time with FC Barcelona,” said one source — who like all sources in this piece has remained anonymous to protect their position — close to the player in May.

It is not inconceivable that Neymar takes centre stage in a post-Mbappe era. But he would need to prove to his coach that he has a place in the new PSG project.


Why is the situation complicated?

Last summer, Neymar was able to activate an extension on his contract and he did, which now runs until 2027. This makes it very difficult “if not almost impossible,” said one source in May, that he moves this summer.

PSG may still want a fee for a player of impressive talent, though removing his salary from their wage bill might also appeal.

As much as things have soured with those on the terraces and his club desires a new direction without him, he still has a secure, advantageous and long-term contract, playing at the top end of European football. This is the major barrier to any move.


Who is interested in Neymar?

Earlier this summer, The Athletic reported there has been a very large offer from Saudi Arabia as the country continues its pursuit of high-end players. The Saudi Pro League club interested were Al Hilal and they remain keen on the Brazilian.

Again, though, giving up his current contract is not easy, particularly at 31, when he still has peak years ahead of him.

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Chelsea were previously believed to hold some interest and there is a residual hope in Paris that their sales to Saudi Arabia would make a move feasible for the west London club. This seems unlikely. Talk of a return to Barcelona feels near impossible owing to their financial issues.

Beyond that, the pool of suitors is small.

(Photo: ANTHONY WALLACE/AFP via Getty Images)