Alves, who played under Guardiola at Barcelona, rejected the chance of a reunion with his old boss to join PSG.
Brazilian Alves will earn £230,000-a-week at PSG, more than double what City were prepared to pay the 34-year-old.
But while City claim Alves priced himself out of a move to them, with the Blues unwilling to match PSG’s pay, the player himself said his decision was based on where he felt he had his best chance of adding to his already glittering CV.
“There’s a very interesting project in Paris,” said Alves.
“I have friends here, I’m a man who loves challenges.
“If Pep Guardiola and Manchester City feel hurt, I am sorry. But I have come here to be a champion.
“I’ve had the pleasure of winning the Champions League three times and I want to bring my experience here.
“The President had a great power of persuasion. I like to make history. We can write it together here.
“The work that the club has been doing over the past several years is very encouraging. It’s an ambitious team.”