Paris Saint-Germain retained the Champions League title after a 4-3 shoot-out win over Arsenal, following a tense 1-1 draw at the Puskas Arena. Gabriel Magalhaes missed the decisive penalty, sending the ball high over the bar, as Mikel Arteta’s team saw another major European chance slip away.

The final had dramatic swings across 120 minutes. Kai Havertz struck early for Arsenal, but Ousmane Dembele responded from the spot in the second half. Both teams then missed chances in extra time before penalties decided a Champions League showpiece for the first time since 2016.

The opening goal arrived with the first shot of the game. Havertz ran beyond the PSG back line on the left and smashed a fierce left-footed finish into the roof of the net. The forward became only the second player to start a Champions League final for two different English clubs.

PSG questioned whether the goal should stand, as Leandro Trossard’s pass reached Havertz after contact with Trossard’s arm while blocking a pass down the flank. Soon after, frustration grew again for Luis Enrique’s side when Bukayo Saka was not penalised for an accidental handball inside Arsenal’s area.

Despite leading at half-time, Arsenal rarely controlled possession. Arteta’s team completed only 69 passes before the break, the lowest figure recorded by any side in a Champions League final. However, PSG created little themselves in that spell, registering only one effort on target before the interval.

Arsenal’s defensive structure stayed compact, limiting spaces between the lines and forcing PSG wide. The French champions moved the ball patiently but struggled for penetration. When shooting chances did appear, blocks and clearances from the Arsenal back line, marshalled by Gabriel and William Saliba, kept the advantage intact.

Champions League final: PSG penalty, missed chances and extra-time drama

The match shifted after the hour mark. Khvicha Kvaratskhelia drove into Arsenal’s box and drew a clumsy challenge from Cristhian Mosquera. Dembele stepped up and calmly sent David Raya the wrong way, becoming the sixth player to score a penalty in a Champions League final.

Kvaratskhelia almost turned the contest completely in PSG’s favour on 77 minutes. After a driving solo run, the Georgian’s poked shot beat Raya but clipped the post via a crucial touch from Myles Lewis-Skelly. Substitute Bradley Barcola then wasted two clear breaks, either side of Vitinha curling narrowly over from the edge.

Arsenal still created moments on the counter. Noni Madueke went down in the box under pressure from Nuno Mendes, sparking furious appeals. Referee Daniel Siebert waved play on and VAR did not overturn the decision. By extra-time half-time, PSG had already lost Marquinhos and Vitinha to injury, further reshaping their line-up.

Both teams began to tire in the additional period. Viktor Gyokeres came closest for Arsenal, seeing a low strike deflect just wide of the far post. PSG continued to carry more attacking threat overall, but final passes often lacked accuracy as the game moved steadily towards a penalty shoot-out.

Champions League final: PSG hold nerve in shoot-out vs Arsenal

The shoot-out opened with Sergio Ramos driving PSG’s first kick into the corner. Gyokeres replied calmly for Arsenal, matching the composure. Desire Doue converted next for PSG, but Eberechi Eze, after a stuttering run-up, dragged Arsenal’s second effort wide of the upright to hand Luis Enrique’s side the initiative.

Raya kept Arsenal alive moments later by guessing correctly to push away Mendes’ attempt. Declan Rice then drilled in confidently, followed by Achraf Hakimi scoring for PSG. Gabriel Martinelli and Beraldo both finished clinically, leaving Gabriel to take Arsenal’s fifth penalty. The defender launched it over the bar, sealing PSG’s 4-3 success.