The France international is now joining Juve in a permanent transfer after a successful loan over the second-half of last season and also the Club World Cup.
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TMW says Juve have struck an agreement with PSG over a fee of €57m for Kolo Muani.
The centre-forward has also settled on personal terms over a five-year contract worth €7m-a-season plus bonuses.
Kolo Muani's arrival is expected to hasten the departure of Dusan Vlahovic, who is the subject of interest from AC Milan.