Alex Howell
Football reporter at the Puskas Arena

Gabriel Magalhaes skied the decisive spot-kick as Arsenal were denied a first Champions League triumph in a penalty shootout defeat by Paris St-Germain, who won the competition for a second successive year.

Mikel Arteta's side lifted the Premier League title for the first time in 22 years last weekend, but missed out on a league and European double in the most heartbreaking of fashions in a hot and humid Puskas Arena.

But in a heartwarming moment, while PSG's players celebrated wildly on the pitch, the French side's captain Marquinhos immediately went to console his Brazilian team-mate Gabriel.

The Gunners had made a dream start to the final in Budapest when Kai Havertz, who scored the winning goal in the Champions League final for Chelsea against Manchester City in 2021, burst away from the PSG backline and rifled the ball into the roof of the net after only six minutes.

But from then on it was PSG's final, as they took control, dominating large chunks of the game, with Gabriel and William Saliba making a number of vital interventions as the Arsenal defence dealt with waves of attacks from Luis Enrique's side.

Arteta had a number of big calls to make for this game and opted to continue with 19-year-old Myles Lewis-Skelly in midfield, while he stuck with Cristhian Mosquera, who was filling in at right-back for the injured Ben White and the not fully fit Jurrien Timber.

And it was a clumsy Mosquera tackle that led to PSG's second-half equaliser. The Spaniard was caught out by a clever Khvicha Kvaratskhelia run and brought the winger down in the area, with Ousmane Dembele rolling in the resulting penalty.

Arsenal were forced to defend inside their own half for most of the game as PSG enjoyed 75% of possession and the French side almost won it in normal time with Kvaratskhelia hitting the post and Vitinha going close from the edge of the area.

Arteta completely changed his frontline as his side tired and the renewed energy led to a huge penalty shout when substitute Noni Madueke tangled with Nuno Mendes but referee Daniel Siebert waved away vociferous Arsenal protests that led to both Declan Rice and the manager being booked.

And after an extremely tense extra time it was centre-back Gabriel who missed the decisive penalty as PSG won the shootout 4-3 to retain the Champions League title.

Arsenal analysis: Gunners suffer pain of shootout defeat

Arteta's gameplan looked to be working perfectly before Dembele levelled the score in the 65th minute and after that it seemed like the trophy was only going to be heading back to France.

The Gunners had no answer for the relentless passing of PSG and had to retreat deep into their own half as the conditions and effort took its toll on the players.

Gabriel being the player to miss the decisive penalty felt particularly harsh given the Brazilian had produced a monstrous display alongside central defensive partner Saliba to keep Arsenal in the final.

After taking the lead Arsenal produced a typically resolute display, but lacked spark going forward and Arteta could only hope that a moment of magic would be enough to see his side snatch a win.

Twenty years ago, Arsenal were beaten 2-1 by Barcelona in their first Champions League final and the hope will clearly be that they don't have to wait as long for their next one.

But it has still been an excellent season for the Gunners, who should still celebrate their Premier League title victory.

PSG analysis: Another milestone for excellent Luis Enrique

PSG continue to dominate under their impressive coach Luis Enrique.

The Spaniard has completely transformed the club since taking over in the summer of 2023 and his style, along with focusing on young elite talent, has seen the Parisians retain Europe's top club competition.

And they did it by refusing to panic after the setback of conceding an early goal, pulling the Arsenal players all over the pitch with their possession-based football.

And while they created few clear-cut chances - mainly down to a combination of numerous poor crosses and Arsenal's organised defensive set-up - it was clear that they would find a way through eventually.

It came 20 minutes into the second half.

Kvaratskhelia, unusually subdued for the opening hour, was the catalyst, bursting into the box with a clever run around the back of Mosquera to win the penalty that Dembele so coolly slotted into the net.

And PSG heads remained cool in the penalty shootout.

Goncalo Ramos and Desire Doue had already scored before Nuno Mendes' effort was saved by Arsenal keeper David Raya, moments after Eberechi Eze had stroked his penalty wide of the post after a stuttering run up.

The next four were all scored before Gabriel cleared the crossbar as PSG became only the second side in the Champions League era to defend their title. The other is Real Madrid, who won three in a row between 2016 and 2018.

It caps another league and European double for PSG and it will be up to Luis Enrique to motivate his impressive side to match Real's hat-trick in the next campaign.

Player of the match

O. Dembélé
7.47
10 O. Dembélé
7.47
7 K. Kvaratskhelia
7.29
14 D. Doué
7.23
29 B. Barcola
7.10
17 Vitinha
7.05
9 Gonçalo Ramos
7.03
33 W. Zaïre-Emery
7.03
87 João Neves
7.02
2 A. Hakimi
7.01
4 Lucas Beraldo
7.00
6 I. Zabarnyi
6.96
5 Marquinhos
6.94
25 Nuno Mendes
6.76
8 Fabián Ruiz
6.66
51 W. Pacho
6.66
39 M. Safonov
6.50
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Watch highlights of Champions League final from 22:20 BST on Saturday on BBC iPlayer and the BBC Sport website and app.