The full-back has signed a four-year contract with the big-spending French club.
A statement on PSG’s official website read: “Gregory Van Der Wiel, 24 years old, an international player from Holland, has been transferred from Ajax by Paris Saint-Germain, for a duration of four years.”
The 24-year-old has long been linked with Premier League sides Chelsea and Arsenal.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.