The German champion’s victory secures a lucrative treble after also winning the league and the national cup earlier this year.
Despite all the offensive talent displayed, one goal was enough to separate the two teams with former PSG Kingsley Coman leading the game-winning goal in the 59th minute.
Coman, a French international, guided his head to the bottom corner to add yet another trophy to his cabinet.
The 24-year-old has won the league title every season he has spent as a professional player, starting with PSG’s victory in Ligue 1 in 2013.
In the meantime, it is even more of a European disappointment for PSG who were playing their first final.
The French champion, who also aspired to a hat-trick, has become obsessed with winning the Champions League since Qatar Sports Investments bought the Parisian club in 2011.
Over $ 1 billion has been spent on the playing team, but stars such as Neymar and Kylian Mbappe have been unable to push their team past a dominant Bayern who are still undefeated in 2020.
Played behind closed doors at the Estádio da Luz, it was not the classic final many had hoped for after both teams scored so freely throughout the tournament.
Brazilian Neymar was denied the opener by a stunning save from Manuel Neuer before Bayern’s Robert Lewandowski hit the post and was saved a header in an otherwise cautious first half.
Bayern’s high defensive line, in many ways its greatest strength, also encouraged PSG’s super-fast forwards.
Mbappe and Neymar spent the night on the shoulders of Bayern defenders, waiting for the trigger to go behind, but failed to convert when given the chance.
The second half hardly improved in terms of quality, with Coman providing the game’s only decisive attacking piece.
“Winning the trophy today is the best thing that can happen to us. We worked incredibly hard and ultimately became the best team in Europe,” Bayern winger Serge Gnabry told BT Sport after the game.
“It’s the final, Paris came out wanting to win and so did we. Nobody will give up easily but we succeeded.
“As long as it was 0-0 it was always going to be open for us. Of course they were going to have chances. It was lucky they didn’t score and we are lucky to score.”
Bayern have enjoyed domestic dominance in Germany – they have now won eight straight Bundesliga titles – but success in Europe has been difficult to achieve since their last Champions League triumph in 2013.
However, under Hans-Dieter Flick, Bayern enjoyed an incredible unbeaten and were the favorites to triumph over the glittering stars of PSG.
With Sunday’s victory, they became the first team to win all 11 of the Champions League group stage games, scoring 43 goals in those games.
Forward Robert Lewandowski has enjoyed one of the greatest individual seasons in the history of the competition, but failed to secure the two goals needed to tie Cristiano Ronaldo’s record 17 goals in a single campaign.
“It’s really good. It’s all you dream of as a kid to come to Europe and win the Champions League with a big club like Bayern,” said 19-year-old Canadian left-back Alphonso. Davies, speaking to BT Sport after the game. . “It just shows the team I have around me.”
“It shows you can do whatever you want. I’m happy to be here with the Champions League medal around my neck and the trophy to the side.
“We know the legends have won this title before, so as a young kid you want to keep going. Every young player at this club is hungry to win titles because he sees his idols doing it.”
A memorable Champions League
It is certainly the strangest Champions League in the history of the competition. It started over a year ago in June 2019, but the pandemic has caused an extended postponement and a change in the tournament format.
The knockout finals were held behind closed doors in Lisbon under restricted conditions, with a knockout game replacing the two-legged affair.