The Spanish attacking midfielder had 23 goals and 17 assists for Sevilla in all competitions including Europa League qualifiers last season.
Media reports suggested that the signing may herald a move out by PSG's Brazilian star Neymar, who has been widely linked with a move back to Barcelona.
"We are delighted to announce Pablo Sarabia, the 27-year-old attacking midfielder from Sevilla, has signed a five-year contract with PSG," the Parisian club said in a statement.
($1 = 0.8846 euros)
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
(Reporting by Rohith Nair in Bengaluru; Editing by Hugh Lawson)
