The operation, performed by national team surgeon Rodrigo Lasmar, was expected early morning in the Mater Dei hospital in Belo Horizonte, where Neymar checked in the previous night.
Jose Luiz Runco, a former chief medical officer for the Brazilian team, told AFP that the surgery to mend the broken fifth metatarsal "is not difficult" and should take between one hour and 90 minutes.
What concerns Brazil and PSG is how long it will take Neymar to get back on the field, scoring goals.
That leaves PSG without the striker -- whose transfer from Barcelona cost the club a record 222 million-euro ($264 million) last August -- when they face Real Madrid in a make-or-break Champions League clash next Tuesday.
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Neymar has scored 28 goals in 30 appearances in all competitions for PSG since arriving, a prolific performance cut short by the injury on February 25 during PSG's 3-0 drubbing of Marseille.
Brazil's concern is that Neymar will be coming back only a few weeks before the June start of the World Cup in Russia.
A big part of that optimism, though, depends on the talented Neymar.
- No sneaking photos -
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Neymar returned from Paris to his villa on the Brazilian coast Thursday and on Friday night flew to Belo Horizonte.
In the heated atmosphere around the operation, Brazil's Globoesporte website claimed that Neymar was expected to come by helicopter and had booked a whole wing of the Mater Dei hospital. But a local newspaper reported he would take a more modest suite measuring around 80 by 40 feet (24 x 12 meters).
Neymar, 26, is hardly camera shy. Ahead of his arrival at the hospital he put up a picture on Instagram of himself in a wheelchair with his actress girlfriend Bruna Marquezine sitting on his lap and kissing him.
The image-conscious PSG star also posted a close-up of his hand, tattooed with a small cross, holding Marquezine's hand.
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Neymar will feel the weight of a nation's expectations as he races to recuperate in time for the World Cup. He's already seems sure to miss two warm-up friendlies against Russia and Germany in March.
However, he is in good hands. Lasmar's father Neylor was also the Brazilian team doctor in the 1980s and operated on another big star of the Brazilian footballing galaxy, Zico -- getting him ready in time for the World Cup in Mexico.
A plus for Neymar is that the enforced break from competitive football may do him as much good as it threatens harm.
"He'll return with a real desire to play football and to show his potential.
Disclaimer: No Business Standard Journalist was involved in creation of this content