Monaco sign Adama Traore from Lille, Costa and Cavaleiro from Benfica

Monaco have signed Malian winger Adama Traore, the Ligue 1 side have announced.

The 20-year-old moves to the Stade Louis II on a five-year deal and joins the principality club as a direct replacement for Yannick Ferreira Carrasco, who joined Atletico Madrid earlier on Friday.

Traore joins Leonardo Jardim's side after impressing for Lille last season and Monaco vice-president Vadim Vasilyev believes the club have captured a young player of real quality ahead of other reported suitors including Paris St. Germain, Manchester United and Liverpool.

"AS Monaco is proud to now count Adama Traore among its ranks, whose recruitment is part of the strategy of the club to invest in the future," Vasilyev told the club's website.

"He was named the best player of the Under-20 World Cup which speaks volumes about his qualities.

"This great hope of football has chosen to come to Monaco to thrive and grow in contact with Leonardo Jardim's players.

"This determination to join us as he was being made higher offers from important clubs, shows the quality of our project and its appeal."

Monaco, meanwhile, have also announced the signing of 21-year-old Benfica winger Helder Costa on a season-long loan, and 21-year-old forward Ivan Cavaleiro to a five-year deal.

Press Association contributed to this report.