The Parisian club has now claimed the prestigious trophy on 14 different occasions.
The Parisian giants required a dramatic leveler followed by a perfect penalty shootout to get past their arch-rivals in Kuwait and capture a fourth straight Trophee des Champions title.
The European champions seemed to be sailing towards a comfortable win in the showdown between the Ligue 1 champions and the French Cup winners after the French winger found the net in the opening stages.
However, Marseille struck twice in the closing moments to seize a surprise lead. First, Mason Greenwood scored from the penalty spot, before the defender unfortunately turned the ball into his own net for an own-goal.
In a breathtaking twist of fortune, Goncalo Ramos snatched a crucial leveler in the dying moments to force the contest into a deciding shootout. PSG goalkeeper Chevalier then emerged as the hero, saving crucial kicks from Matt O'Riley and Traore.
From the spot, Ramos, the midfielder, the full-back, and the young talent all converted successfully for PSG to seal a convincing shootout win.
Now 14-time champions Paris Saint-Germain, who met last season's Ligue 1 second-placed team Olympique de Marseille after achieving a domestic double, have now lifted this trophy for the twelfth time in the past thirteen years.