Olympique Lyonnais have been relegated to Ligue 2 after failing to meet financial requirements set by France's football watchdog, the Direction Nationale du Controle de Gestion (DNCG).
Diego Simeone, Atletico Madrid's head coach, was left to rue a 4-0 demolition by Paris Saint-Germain in their FIFA Club World Cup clash at the Rose Bowl.
Manchester City have completed the signing of French international Rayan Cherki from Lyon on a five-year contract, the Premier League champions confirmed on Tuesday.
Paris Saint-Germain goalkeeper Gianluigi Donnarumma faces an uncertain future as contract renewal talks have stalled, with just one year remaining on his current deal.
In a Champions League season brimming with rising stars, it was Paris Saint-Germain's Desire Doue who took top honors, edging out Barcelona sensation Lamine Yamal to be named UEFA's Young Player of the Season.
FC Nantes have parted ways with head coach Antoine Kombouare, ending his second stint with the club, despite securing their Ligue 1 status for another season.