PSG, who are backed by majority shareholder Qatar Sports Investments, have today signed Brazil superstar Neymar on a five-year deal.

The Ligue 1 giants triggered his £198m release clause to complete the truly stunning transfer.

But Arsenal boss Wenger has questioned the deal, saying it will become increasingly difficult to respect Financial Fair Play rules when ‘a country owns a football club’.

Wenger said: "For me, it is the consequence of the ownerships and that has completely changed the whole landscape of football in the last 15 years.

"Once a country owns a club, everything is possible.

“It becomes very difficult to respect the financial fair play because you can have different ways or different interests for a country to have such a big player to represent a country."

Neymar's transfer has more than doubled the previous world record fee from Paul Pogba’s move to Manchester United last August.

Wenger is concerned over an inability to control the transfer market, describing current player valuations as ‘beyond calculation and beyond rationality’.

The Frenchman added: “It also looks like inflation is accelerating. We crossed the €100m line last year and, only one year later, we're crossing the 200m line.

"When you think that Trevor Francis was the first £1m player [in 1979] and that looked unreasonable, that shows you how much distance and how far we have come, how big football has become."

Arsenal broke their own transfer record last month when they signed French striker Alexandre Lacazette from Lyon for £52m.

Wenger said: “We still live with rationality. We are not the only ones.

“I think 99 percent of the clubs do that but of course we cannot compete at that level."