Kylian Mbappe was offered more money by other clubs but rejected those advances to fulfil his dream of playing for Paris Saint-Germain, according to Nasser Al-Khelaifi.
The 18-year-old forward enjoyed a breakthrough year with Monaco last season, helping the team to win the Ligue 1 title and reach the Champions League semi-finals.
Mbappe was linked with a host of Europe's biggest clubs as Monaco braced themselves to lose the talented attacker, and he duly sealed an initial loan move to PSG, which will become permanent for a reported fee of €180 million at the end of the season.
PSG chief executive Al-Khelaifi is adamant Paris native Mbappe had only one destination in his mind, regardless of the other sides interested in his services.
"It was very competitive, trust me," he told The Telegraph. "Some other clubs offered him more than us.
"Every big club wanted him. But we explained to him our project and the ambition of the club and he's French, he's a Parisian and he had the club in his heart.
"He wanted to stay in France and defend the French colours in the Champions League. It's deep inside him.
"He wants to write history here and he has history here already – you saw the pictures of him [at the player's presentation] when he was here 10 years ago? A picture does not lie. He loves the club and it's his dream to play for Paris Saint-Germain."
The Mbappe deal, coupled with PSG's astonishing world-record €222m move for Neymar, provoked criticism and scrutiny from across Europe, with Barcelona and LaLiga both calling on UEFA to investigate the French giants for potential breaches of Financial Fair Play (FFP) regulations.
Al-Khelaifi is not worried, however, insisting PSG are already in a strong position financially and have another year to meet FFP stipulations.
He added: "We have been working very hard for the past six years to build the revenues of the club and they have increased through ticketing, sponsoring, merchandising, match day and TV rights from €90m to approximately €500m, with the last two seasons running profits.
"We now plan to continue to increase our revenue from between 20 and 40 per cent. We have a year to meet FFP criteria.
"We have until June 30 2018. So I tell everybody: relax and think about your project. We think about building our project.
"There is pressure from other clubs [to investigate PSG], but I don't think UEFA will be influenced by the pressure because they are very professional and very serious.
"For the thousandth time I am very confident. We respect all clubs and we expect the same in return.
"We have been investing in the French league and to be highly competitive in the Champions League. We are respecting all rules and regulations."
|Everton fined €30,000 over fan trouble against Lyon|
|No change in Everton manager hunt, says Unsworth|
|Chiellini to miss Barcelona match with thigh injury|
|Former Everton and Nigeria striker Yakubu retires|
|Liverpool looking into claims of Seville police assault against fans|
|Toure hails Foden as the ´future´ of Manchester City|
|Record Ronaldo nomination as Real Madrid dominate UEFA Team of the Year candidates|
|Heynckes stay is ´best solution´ for Bayern, says Robben|
|Courtois parks Chelsea contract talks|
|Wigan´s two-goal Colclough makes mad dash to witness birth of son...in full kit!|
|Sevilla boss Berizzo diagnosed with prostate cancer|
|Manchester United move still a possibility for Atletico star Griezmann|
|Carragher slams Liverpool for playing ´like children´ in Sevilla collapse|
|Replacing you might not be a great idea! – Buffon grateful for Rakitic tribute|
|Messi closes on century but Pogba must do more – Champions League in Opta numbers|
|Skoko wants Australian coach as Arnold emerges as Postecoglou replacement|
|Everton yet to make contact with Van Gaal|
|MLS Review: Sounders a step closer to final, Crew and Toronto in stalemate|
|Ben Yedder trolls Liverpool after dramatic Sevilla comeback|
|´World class´ Insigne can´t be rested – Sarri|
|I say one thing and you write something else - Angry Ronaldo brushes off media|
|Griezmann needs support of Atletico and fans – Simeone|
|Monaco paid for mistakes in Champions League exit - Jardim|
|We had to rely on personal pride - Berizzo praises Sevilla´s stunning comeback|
|Championship Review: Coleman loses first Sunderland game, Fulham win nine-goal thriller|
|City fans get first sight of local star they crave in Phil Foden|
|Gunes wants more after historic Besiktas Champions League qualification|
|Allegri plays down Dybala-Messi comparisons|
|Extra rest helped Rose shine in Dortmund – Pochettino|
|Zidane: We knew Ronaldo, Benzema goals would come|
|It feels like we lost - Klopp frustrated at Liverpool´s second-half collapse|
|It depends on Foden - Guardiola puts ball in teenager´s court|
|Postecoglou leaves Australia post|
|Ronaldo overtakes Messi in Champions League goalscoring race|
|Manchester City 1 Feyenoord 0: Sterling strikes late as top spot is clinched|
|Sevilla 3 Liverpool 3: Klopp´s side fail to survive Spanish inquisition|
|Borussia Dortmund 1 Tottenham 2: Son grabs winner as Spurs seal top spot|
|Napoli 3 Shakhtar Donetsk 0: Insigne stunner helps keep knockout hopes alive|
|APOEL 0 Real Madrid 6: Record-breaking Ronaldo and Benzema send holders through in style|
|Monaco 1 RB Leipzig 4: Werner brace dumps Ligue 1 champions out|
|Ronaldo breaks record for Champions League goals in a calendar year|
|I wanted to cry with Buffon - Rakitic sympathy for Italy great|
|Defiant Smalling responds to ´surprise´ England omission|
|Neuer ´on schedule´ but Heynckes won´t rush Bayern star|
|Messi contract saga not swaying Barcelona boss Valverde|
|Spartak Moscow 1 Maribor 1: Stoppage-time equaliser gives Russians everything to do at Anfield|
|Besiktas 1 Porto 1: Talisca leveller sends hosts through|
|Mkhitaryan questions leave Mourinho riled|
|Jones out of Basel, Brighton games but Mourinho hopeful on Bailly|
|Conte unhappy with Chelsea´s fixture congestion|
|Pepe tells Ronaldo: Come to Besiktas!|
|Clement expects Abraham to shake off back injury for Bournemouth clash|
|Oddo replaces sacked Del Neri at Udinese|
|Bartomeu hints at January Barcelona signings|
|Emery defends ´responsible´ Neymar from lifestyle criticism|
|Del Neri sacked by Udinese|
|Everton striker Niasse facing two-match ban after FA diving charge|
|Lampard excited by English clubs in Champions League|
|Thiago and Coman back for Bayern´s trip to Anderlecht|
|Dybala hails Messi as ´our Maradona´, wants to play with Neymar|
|Sherwood talks up Spurs as potential Champions League winners|
|Borussia Dortmund on the brink as Real Madrid eye progress - Champions League in Opta numbers|
|Hughton hopeful on video assistance after Brighton denied penalty|
|Klopp staying calm over Salah form|
|Griezmann: I don´t regret staying at Atletico|
|Guardiola dismisses Champions League favourites tag|
|Brighton and Hove Albion 2 Stoke City 2: Gross, Izquierdo extend home unbeaten run|
|Rose in contention to face Dortmund as Pochettino denies ´issue´ with defender|
|Benzema knows he can give more – Zidane|
|I´ve fulfilled my dreams already – Klopp has no plans to coach Barcelona|
|Aubameyang will face Tottenham, Bosz confirms|
|Klopp expects Matip to face Chelsea, Lallana return getting ´nearer´|
|Berizzo looking to former Red Aspas to provide lessons for Sevilla|
|Mangala ready to pounce, but realistic on Man City playing time|
|Mendy injury means Aguero or Jesus for Guardiola|
|Guardiola sends ´big hug´ to ´amazing, so gentle´ Pulis|
|Tavecchio quits as head of FIGC, claims board have refused to resign|
|Benedetto facing Argentina World Cup KO with cruciate injury|
|Shape up! Heynckes reveals demand to Bayern star Vidal|
|Ramos sits out Madrid trip to APOEL|
|West Brom sack Pulis after wretched run|
|Lloris wants Spurs to forget title and focus on top four|
|Pogba no Gerrard yet, says Benitez|
|Guardiola will ´kill´ City stars if they get complacent|
|Ibrahimovic: My injury was worse than people know|
|Icardi like a ´raptor pouncing on its prey´, says Spalletti|