SATV 8 May, Kathmandu: Arsenal's European dream was ended by goals from Fabian Ruiz and Achraf Hakimi, who earned Paris Saint-Germain a 2-1 win on the night and set up a spot in the Champions League final against Inter Milan.
In the same city that hosted Arsenal's only Champions League final 19 years ago and tasked with overturning a 1-0 deficit from last week's first leg, Mikel Arteta's side burst out of the blocks.
The French champions were under immediate pressure as Declan Rice got under a Jurrien Timber cross to head off target, kickstarting a frantic five-minute spell that required Gianluigi Donnarumma to pull off outstanding stops to keep out Martin Odegaard and Gabriel Martinelli.
Khvicha Kvaratskhelia hit the post as PSG mounted a rare counter, but it was evidence of the threat that Luis Enrique's side carried despite being second-best early on. A further counter saw Rice drawn into a challenge on Kvaratskhelia to earn himself a yellow card and gift PSG a free-kick that ultimately saw Arsenal punished.
Thomas Partey's half-hearted headed clearance was seized upon by Fabian, who cushioned the ball with his chest to tee up a strike from the edge of the area. Flying at pace, a deflection off William Saliba took it past David Raya.
PSG controlled the early parts of the second half, and their initiative after the break earned them a strange penalty decision when Achraf Hakimi's strike brushed the outstretched hand of Myles Lewis-Skelly. Despite a lack of appeals from PSG, VAR deemed it enough for a spot-kick to be awarded.
Raya denied Vitinha from the penalty spot, potentially handing his side a lifeline. Instead, moments later, Hakimi curled home to double PSG's lead on the night.
Soon after, Bukayo Saka rounded Donnarumma, who had earlier denied him with a save on the stretch, before slotting home as Arsenal were given some life in the tie.
However, the 23-year-old ultimately blundered the opportunity to level the score on the night and set up a nervy final 15 minutes in Paris when he lifted a chance over the bar from point-blank range.
PSG's 3-1 win on aggregate ensures their hopes for a treble remain alive, with Ligue 1 already wrapped up and a French Cup final still to play. Arsenal will end the season without a trophy and have not won major silverware since lifting the FA Cup in Arteta's first season in charge in 2020.
Arteta: We have been the best team in this competition
Arsenal boss Mikel Arteta speaking to TNT Sports:
"Over the two legs, the best player on the pitch was their goalkeeper - he's made a difference in the tie. We were very close, much closer than the results showed, but unfortunately we are out.
"I'm so proud. How we started and handled the pressure - after 20 minutes, we should be 3-0 up. But there is something extra in these competitions to go your way and it didn't.
"I'm upset. It has to hurt if we want to win this competition and we need to realise that. Just understanding that we are out is not the way I look at it.
"I don't think there's been a better team in the competition form what I've seen. But we are out. We deserved much more but this competition is about the boxes, the strikers most of the time and the goalkeeper, and theirs was the best player in both games.
"I'm so proud of the boys, they deserve lots of credit for what they're doing and the number of injuries. We arrived here in the worst state.
"You have to get here with everyone fit and available with lots of minutes. They had a week. We came here in a different context. That gives me a lot of positivity for the future."
Enrique: We are the league of farmers, no?
PSG boss Luis Enrique speaking to TNT Sports:
"It means a lot to reach the final. Everybody is dreaming of getting the Champions League final. Our first goal when we arrived to Paris was to make history, and we are on the right path.
"We are the league of farmers, no? But sometimes it's nice. I think now we are enjoying not only the result but also the compliments of everybody speaking about our team. We are a young team but the mentality and the character and also the way we play football. I think it's nice and it's awesome. I have to congratulate my players because they are great."
What's next for Arsenal?
Arsenal travel to Liverpool in the Premier League on Super Sunday this weekend from 4pm, kick-off 4.30pm - live on Sky Sports.
The Champions League final takes place on Saturday, May 31 at the Allianz Arena in Munich, with PSG taking on Inter Milan.