Kylian Mbappe recently informed the PSG board that he will not be triggering a 12-month contract extension, which would have allowed him to leave as a free agent after the 2023-24 season. The attacker must agree to a contract extension by July 31, with his current contract expiring in 2024.

However, it appears that PSG does not want its greatest treasure to go as a free agency. The 2018 World Cup winner joined PSG on loan from Monaco in 2017, before making the transfer permanent a year later in a transaction worth 145 million euros plus 35 million euros in add-ons.
There have been claims that Real Madrid officials are attempting to strike an arrangement with PSG, and Florentino Perez has been exchanging texts with the Ligue 1 club’s owner. They began with a 150 million euro offer, which has apparently been extended to 200 million euros, with an additional 20 million euros in bonuses. However, the La Liga team is yet to be successful because PSG is wanting 300 million euros, with 250 million euros as a fixed fee and another 50 million euros in add-ons.

Mbappe has also made his departure conditional. He will only quit PSG if he is paid the 150 million euros owing to him for the upcoming season. He is owed over 150 million euros in wages and bonuses by PSG over the next year, which he does not want to forego.

Mbappe recently clarified his letter to the PSG board, which sparked controversy in France. “I’ve already answered the question,” he said. I stated that my goal was to stay with the club. For the time being, staying at Paris Saint-Germain is my only option.”
“The letter was sent before (the France squad met up). I didn’t think a letter could kill someone or that I offended anyone. All I did was send a letter. You can’t control people’s reactions, but it doesn’t bother me much,” he further added.