Arsenal vs PSG Highlights, UEFA Champions League 2026: PSG hold their nerve in penalty shootout, crowned champs again

An air of melancholy about Arsenal as some shellshocked faces litter the ground and the crowd at the red corner. Equally, it's all joy in the blue – these fans felt this joy 12 months ago, and are given a taste of it afresh in Budapest tonight.

That brings an end to this thrilling encounter, and to another season of European football. A quick turnaround for many of these stars, who will need to recover quickly and find themselves in North America for the World Cup in a couple of weeks.

Gabriel Magalhaes, with so many key blocks all season for Arsenal, to keep them alive… HE HITS IT TOO HIGH! IT GOES FLYING OVER THE BAR INTO THE PSG FANS WHO ARE BLOWING THE ROOF OF THE PUSKAS ARENA, AS THEIR TEAM IS CROWNED CHAMPIONS OF EUROPE ONCE AGAIN!

Lucas Beraldo take the fourth… didn't need to be that good as Raya goes too early but it's very good, and all the pressure onto Arsenal!

Martinelli next… keeps his nerve! Safonov goes the wrong way, and that rings the back of the net. Onto the decisive fifth kicks, it's already sudden death.

PSG's other full-back steps up, and he makes no mistake. Raya goes right, Hakimi goes left. 3-2 Paris.

Declan Rice takes so many of Arsenal's dead balls but this is the most important of his career… nicely done! Levels things up, bottom right again as Safonov remains rooted! Level terms.

Nuno Mendes next up for PSG, has played all 120 minutes… and Raya has his number! Mendes doesn't get the height on it, Raya goes the right way, and bats it away to give Arsenal the lifeline they need! Big save again!

The London boy steps up with the 10 on his back… BUT HE PULLS IT WIDE! Hesitates in his run-up but Safonov doesn't bite, and Eze gets greedy trying to find the bottom left! Nowhere close and it's advantage PSG now!

Cool-headed, and keeper goes wrong way again. Every shot thus far to the right side of the goal. No complications.

Arsenal's Swedish striker, in the city of his family's descent, up first for the Gunners. A good taker, and cool as you like. Bottom right, Safonov wrong way.

Portuguese striker Goncalo Ramos puts his hand up first. I smade to wait but is clinical – goes top right side-foot, and Raya goes the wrong way. 1-0.

A pair of tosses – first to see which end, which Hakimi wins and wants it to go towards the end where all the PSG fans are making the noise.

And PSG will also shoot first – pressure will be on Arsenal to play catch-up.

Arsenal with a couple of opportunities to try and find a winner, but charged down by PSG on two occasions to take it through to the penalty shootout. How's your bottle?

The last time we saw a penalty shootout was in the Madrid Derby final in 2015/16 ,when Cristiano Ronaldo fired in the winner to give his team the glory on that night. It looks like we are going that way – who will have that moment tonight, if we do?

More good proactive keeping from Raya. Barcola on the end of a looping ball knocks it into the mixer, and Ramos is rushing in. Nearly gets there but Raya beats him to it to get it away.

Zabarnyi and Beraldo on for Marquinhos and Vitinha.

That's the midway point. And the point where teams start planning for penalties. Certainly looks it's going that way now – tired legs despite the subs en masse, and little fluidity because of them.

BIG PENALTY SHOT FROM ARSENAL! Madueke has the better of Mendes and charges into the box – looks like Mendes bundles him over but the referee thinks it's nothing more than a coming together!

Arteta and his staff can't believe it – they're all on their feet demanding what is going on!

PSG bring on Zaire-Emery for Fabian Ruiz. Not much else to report – the passes not clicking for either team quite yet with over half the starting XI swapped out.

All five regulation switches plus the bonus sixth for ET also made by Arsenal. Zubimendi and Eze on, Havertz and Lewis-Skelly off after their shift.

ALMOST SOMETHING SPECTACULAR! Arsenal do go for it with bodies in the box late on, but they also suffer the consequence of the late counter-attack! So similar to Havertz's run in the first half, Barcola has the legs to make the room for himself, but on his weaker foot the contact isn't as good! Flashed wide with the headlines in his eyes.

Full-time – on and on we go.

Into the second half of injury time. Anything now will likely settle it. Will either team take the risk to go hard in the closing moments? Or is ET around the corner.

Doue does well to run at the Arsenal defenders and eat up some ground, before laying it off for Vitinha with space to shoot. He connects well, and has Raya scrambling – but can't quite get it under the bar! A shade over the bar and Arsenal survive.

That might have been Arsenal's chance! Mis-kick at the halfway line allows Martinelli to pick up the ball and find himself in a 3v3 with Gyokeres and Madueke streaking ahead of him. But he tries to play through a pass and gets it nowhere close to either of his teammates! Sloppy from the substitute.

Bradley Barcola comes on and nearly has an immediate impact! Wrestles past Timber and then gets the legs on him to open up a gap. Speedy enough to get ahead of him, but the touch into the box is slightly heavy and allows Raya to swoop in bravely and clean it up. Good alert keeping.

Couple of changes on the wings, as Arsenal swap in Madueke and Martinelli for Saka and Trossard.

For PSG, Kvaratskhelia taken off for Barcola.